Economics
Manufacturers Shake Off Effect of Budget Impasse: Economy
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Manufacturing unexpectedly picked up in October as American companies shook off the impact of the federal government shutdown.
The Institute for Supply Management’s index rose to 56.4, the highest since April 2011, from 56.2 a month earlier, the Tempe, Arizona-based group’s report showed today. Readings above 50 indicate growth. Economists in a Bloomberg survey called for a decline to 55.