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Wealth Management & Retirement
Tag: beats
US Manufacturing Expansion Extends to Ten Months as PMI Beats Expectations in October
United States manufacturing activity expanded at a faster-than-expected pace in October, driven by a significant surge in factory production and a rebound in inventories. The Institute for Supply Management (ISM) reported that its manufacturing Purchasing Managers’ Index (PMI) rose to 55.5 in October, up from 54.5 in September. The latest reading comfortably beat consensus expectations,…
