News Artcle

US manufacturing expands at best pace in 2½ years

Published November 1, 2013

Washington • U.S. factory activity expanded in October at the fastest pace in 2½ years, suggesting that the 16-day partial shutdown of the government had little effect on manufacturers. Instead, overseas demand and healthy U.S. auto sales appear to be supporting factory output. The housing recovery is also lifting the furniture and wood products industry despite a recent slowing in home sales. “We’ve become accustomed to the way Washington operates in the past couple of years and assume that it ...

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