US industrial output shrinks in October

By Agence France-Presse

Nov 03, 2024 12:14 am

WASHINGTON, D.C. — A persistent slump in US manufacturing extended into a seventh straight month in October, according to survey data published on Friday, with weak demand deepening the contraction.

'US manufacturing activity contracted again in October, and at a faster rate compared to last month,' Timothy Fiore, survey chief for the Institute for Supply Management (ISM), said in a statement.

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