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Manufacturers Notch Modest Gains

Wall Street Journal (11/02/12) Josh Mitchell

The Institute for Supply Management’s factory order index rose slightly from 51.5 in September to 51.7 in October. A measure of new orders rose two percentage points to 54.2, an indication that demand is increasing and factories will likely need to increase production in the coming months. Despite the expansion of orders, manufacturers remain cautious about hiring and face an ongoing downturn in exports.