U.S. manufacturing index shows sustained growth

10/17/2013 | Bloomberg

A closely watched gauge of U.S. manufacturing shows factories continuing to hum this month. The Federal Reserve Bank of Philadelphia's general economic index of 19.8 was down from 22.3 in September but still solidly in growth territory above zero. "Prior to this [political] turmoil, it looked like manufacturing was accelerating, and I think once we get through this that will still be the trend," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, N.Y.

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