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ISM’s Manufacturing PMI Rises Slightly, But Remains In Contraction Mode

Written by The Ashton Report

The Institute of Supply Management’s Manufacturing PMI rose slightly in October, to 48.3, but remained in contraction territory for the third consecutive month. While the sub-component that measures the backlog of order fell again, those for new orders and for inventories rose during the month. The index for new export orders jumped nearly 10 points…

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