US Manufacturing Growth Accelerates in OctoberFactory Growth Is Real, but Costs Still Squeeze ManufacturersTen Months of Factory Growth Challenge Economic Pessimism
On November 2, the Institute for Supply Management said US manufacturing expanded for a 10th straight month in October, with production reaching its strongest level since November 2021.On November 2, October’s US manufacturing data showed a 10th month of expansion, even as input prices remained elevated and factory managers’ comments were largely negative.On November 2, US manufacturing recorded its 10th consecutive month of expansion, as production reached its highest reading since November 2021.