US Manufacturing PMI Rises to 55.5 in October, Extends Expansion for 10th Month

US manufacturing activity strengthened in October, beating expectations and extending its expansion streak to 10 consecutive months. Strong domestic demand and increased business investment supported factory production.  However, rising input costs continued to threaten the country’s inflation outlook. The Institute for Supply Management (ISM) reported Monday that its Manufacturing PMI climbed to 55.5. The reading […] Read The Full Article US M…