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Sunday, May 26, 2024
HomeNewsEconomyMidWest Manufacturing Index Falls More Than Expected In November

MidWest Manufacturing Index Falls More Than Expected In November

(Photo: REUTERS)

The Institute for Supply Management-Chicago’s Midwest manufacturing index of activity in the region fell to 60.8 in November from 66.2 the month prior. Economists polled by Reuters forecast a smaller drop to 63.

Readings above 50 indicate expansion, while those below 50 in the gauge suggest contraction.

Wednesday has seen a slew of weak economic data.

The Commerce Department said Wednesday orders for U.S. durable goods unexpectedly rose last month only due to a surge in military spending, but underlying data suggest broad weakness in business investment.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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