Economics
Markit Index of Manufacturing in U.S. Rose to 51.3 in October
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The Markit Economics preliminary index of U.S. manufacturing rose to 51.3 in October from a final reading of 51.1 a month earlier, the London-based group said today.
A reading of 50 in the purchasing managers’ measure is the dividing line between expansion and contraction. The median forecast in a Bloomberg survey of economists was 51.5. Estimates ranged from 50.5 to 52.1.