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manufacturing sector: US manufacturing slumps less than expected in September

The US manufacturing sector contracted less than expected in September, according to the Institute for Supply Managements manufacturing index. Despite the ongoing weakness in new orders, the index came in at 49%, higher than the median expectation of economists. This marks the 11th consecutive month of contraction in the sector, but the rate of contraction has slowed.
Timothy Fiore Institute For Supply Management Federal Reserve Supply Management Manufacturing Sector Bus Manufacturing

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