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ISM: Manufacturing index rises

November 01 2013

The Institute for Supply Management’s purchasing managers index for U.S. manufacturing increased to a reading of 56.4 in October — it’s the highest reading in 2.5 years, according to USA Today. The reading shows economic activity is increasing — readings above 50 indicate growth.

However, the employment portion of the index edged down to a reading of 53.2 in October from September’s reading of 55.4, indicating a slower rate of employment growth.

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