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US manufacturers in a 'sweet spot' heading into holiday season

from By Chelsea Adams

U.S. manufacturing surged in October, marking the second month in 2014 it reached 59 on the Institute for Supply Management's PMI Composite index. Plus, production hit a 10-year high, and new orders rose 10 points. October marked the 17th consecutive month the manufacturing sector expanded and the 65th straight month the overall economy grew. With the holiday season approaching, analysts say these figures, combined with lagging production in overseas markets, put the U.S. manufacturing sector in a "sweet spot." more

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