Washington, Nov 1, 2024 (AFP) - US industrial production shrinks for seventh straight month

NAMPA / AFP

2024-11-01

A persistent slump in US manufacturing extended into a seventh straight month in October, according to survey data published 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. Fiore attributed the subdued demand to companies being unwilling to invest......

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