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Markit manufacturing PMI comes in better than expected

Akin Oyedele   

Markit manufacturing PMI comes in better than expected
Stock Market1 min read

The preliminary Markit US manufacturing PMI reading for October was 54.0 - a five-month high.

Economists had estimated that the purchasing manager's index was 52.7, compared to 53.1 prior.

Regional readings on manufacturing earlier this month indicated contractions, as the industry coped with the impacts of the strong dollar and high inventories.

More to come ...

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