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U.S. manufacturers record strongest upturn in business conditions for 12 months in October
October data signalled that U.S. manufacturers started the fourth quarter in a strong fashion, with output and new order volumes rising at markedly faster rates than in September. A rebound in business conditions contributed to greater input buying among manufacturing firms and renewed pressures on capacity. At the same time, manufacturers sought to boost their stocks of inputs, with pre-production inventories rising for the first time since November 2015. Manufacturers reported that supportive domestic economic conditions remained a key growth driver, helping to offset sluggish export sales in October. Survey ... (full story)