U.S. Manufacturing Expands at Modest Pace as Orders Moderate
Robotic machines weld together the frames of sports utility vehicles (SUV) during production at the General Motors Co. (GM) assembly plant in Arlington, Texas, U.S., on Thursday, March 10, 2016. The U.S. Census Bureau is scheduled to release business inventories figures on March 15.
Photographer: Matthew Busch/BloombergThis article is for subscribers only.
America’s factories barely expanded last month as faster production cushioned a slowdown in orders that signals the manufacturing sector is plodding along.
The Institute for Supply Management’s index rose to 51.9 in October from 51.5 the previous month, figures from the Tempe, Arizona-based group showed Tuesday. The median forecast in a Bloomberg survey called for 51.7. A reading above 50 signals expansion.