Otmane El Rhazi from Investors.com.
Manufacturing roars higherISM's gauge touched 59 in Oct., higher than the 56.6 in Sept. and besting expectations for a slight decline. Survey respondents liked the combination of "strong" growth and weaker input prices. The new orders gauge shot up to 65.8, backlogs swung solidly back to expansion at 53.0 and employment added nearly a point to 55.5. Americans reported spending an average of $89 per day in Oct., Gallup....
Manufacturing roars higherISM's gauge touched 59 in Oct., higher than the 56.6 in Sept. and besting expectations for a slight decline. Survey respondents liked the combination of "strong" growth and weaker input prices. The new orders gauge shot up to 65.8, backlogs swung solidly back to expansion at 53.0 and employment added nearly a point to 55.5. Americans reported spending an average of $89 per day in Oct., Gallup....
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