Posted on 11/01/2011 7:52:35 AM PDT by Free Vulcan
The Institute for Supply Management said its manufacturing gauge dropped to 50.8% last month – just slightly above a 2011 low - from 51.6% in September.
Economists surveyed by MarketWatch had expected the closely followed index to rise to 52.1%. Reading over 50% indicate more manufacturers are expanding instead of shrinking.
(Excerpt) Read more at marketwatch.com ...
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