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Skilled Labor Blog

Manufacturing Activty Grows

November 2, 2009

The ISM reported a marked uptick in its manufacturing index for October. Activty rose to 55.7 (the highest level since April 2006) from 52.6 in September. Forecasters expected the index to be around 53.0 for October. Shrinking inventories and first-time home buyers completing purchases to take advantage of the home buyer tax credit contributed substantially to the large gain.

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