US Manufacturing Strongest Since March 2011
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America’s factories cranked it up in October, according to the latest regional manufacturing indexes, Bloomberg reports Tuesday.
From Milwaukee to Dallas to New York state, measures improved to multi-year highs, reflecting robust orders growth as the global economy shows some promise. The MNI Chicago Business Barometer unexpectedly advanced to 66.2, exceeding all forecasts in a Bloomberg survey and marking the strongest reading since March 2011, figures showed Tuesday.
Down south in the Lone Star State, manufacturing business activity was the firmest in more than 11 years, according to recent figures from the Federal Reserve Bank of Dallas. The Kansas City Fed’s measure advanced to the strongest reading since March 2011, while the New York Fed’s Empire State factory index climbed to the highest since September 2014.
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