Electrical Marketing’s Leading Indicators, November 19, 2010

PMI increases in October. Manufacturing continued to grow in October and at an accelerated rate, as the Purchasing Managers Index (PMI) registered 56.9 percent, an increase of 2.5 percentage points when compared to September’s reading of 54.4 percent. A reading above 50 percent indicates the manufacturing economy is generally expanding; below 50 percent indicates it’s generally contracting.

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