Economic Buzz: US manufacturing activity continues to expand

The US manufacturing sector continued to expand markedly in October, albeit to a slightly softer degree. Output and new orders continued to rise, although headwinds remained apparent. The seasonally adjusted S&P Global US Manufacturing Purchasing Managers? Index recorded 54.9 in October. Posting above the critical 50.0 no-change mark for a fifteenth successive month, the PMI signaled a further improvement in operating conditions. Growth was again also comfortably above trend, although by falling from September?s 52-month high of 55.9, the headline index pointed to a slight softening of growth.

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