October exports grew nationally. Imports contracted, while the overall economy continued steady growth

November 11, 2019 – In a surprise move, October exports took a sharp upward curve, rising above growth neural to a positive 50.4 from a dismal 41.0 in September, according to the latest Institute of Supply Management (ISM) Report on Business.

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“The October export index rose somewhat unexpectantly following three consecutive months of contraction,” said Frederick Baehner, IBNewsmag publisher, “reflecting a resurging demand by global buyers and a relatively stable dollar against foreign currencies.”

Economic activity in the manufacturing sector contracted in October, slipping by 0.5 percentage points. Still, the overall economy grew for the 126th consecutive month.

ISM®’s Imports Index registered 45.3 percent in October, 2.8 percentage points lower when compared to the 48.1 percent reported for September, indicating that imports contracted for the fourth consecutive month.

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