Economic activity in the manufacturing sector grew in October for the 17th consecutive month, while the overall economy grew for the 36th consecutive month, according to the latest survey of purchasing managers by the Institute for Supply Management (ISM), Tempe, Ariz. ISM’s Purchasing Managers Index is 56.8 percent in October, a decrease of 1.7 percentage points when compared to 58.5 percent in September.
“Strong growth continues in the sector but at a slower rate than in September.
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