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US economic activity in the non-manufacturing sector grew in October

November 3, 2017 TeleTrade. Market news 0

Economic activity in the non-manufacturing sector grew in October for the 94th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report.

Anthony Nieves, CPSM, Chair of the Institute for Supply Management®: “The NMI® registered 60.1 percent, which is 0.3 percentage point higher than the September reading of 59.8 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. This is the highest NMI® reading since the index’s debut in 2008. The highest reading among pre-2008 composite index calculations is 61.3 percent in August 2005”.

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