Manufacturing sector marks 10 straight months of growth ahead of midterms
Summary
U.S. manufacturing activity expanded slightly in October, extending its growth streak to 10 months ahead of the midterm elections. The Institute for Supply Management reported that its manufacturing purchasing managers’ index rose to 55.5% from 54.5% in September.Key Facts
- The ISM reported the October figures on Monday.
- The manufacturing PMI reached 55.5% in October.
- The PMI stood at 54.5% in September.
- Manufacturing activity grew for 10 consecutive months through October.
- Four of the five subindexes that make up the PMI increased from September.
- The article linked the manufacturing report to the period leading into the midterm elections.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
