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Why US Manufacturing Activity Fell in March
The manufacturing sector continues to expand despite the minor drop recorded in March.
Strength of the Manufacturing Sector: Purchasing Managers’ Index
This has been one of the best years since 2004 for manufacturing activity, viewed through the Purchasing Managers’ Index (or PMI).
What Caused the Fall in Manufacturing Activity in October?
The US Manufacturing PMI (purchasing managers’ index) for the month of October fell to 58.7, compared with 60.8 in September.