Orders for durable goods dropped in October, pointing to a slowdown in U.S. business investment that will curb U.S. economic growth this quarter.
Following is the text of the U.S. manufacturing conditions from the Institute for Supply Management.
Factory production in the U.S. rose less than forecast in September, indicating a pause in manufacturing leading into the budget battle that partially closed the federal government.
Factory output rose less than forecast in September and contract signings for U.S. home purchases fell the most in three years, showing the economy was having trouble gaining traction before the government shutdown.
Eaton Corp. Chief Executive Officer Sandy Cutler forecast an increase in demand in its markets of as much as 4 percent next year, spurred by economic recovery in Europe.
Inventories at U.S. wholesalers increased in August by the most in seven months as merchants tried to keep pace with stronger demand.