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

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Written by The Ashton Report
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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 measure the backlog of orders 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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