Purchasing Managers Index improves 0.2% in October. The Purchasing Managers Index (PMI) hit 51.7%, an increase of 0.2 percentage point from September’s reading of 51.5%, indicating growth in manufacturing at a slightly faster rate. The New Orders Index registered 54.2%, an increase of 1.9% points from September, indicating growth in new orders for the second consecutive month. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50
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