WASHINGTON—A closely watched gauge of U.S. manufacturing activity signaled healthy growth in October even as it retreated from its highest level in 13 years. The Institute for Supply Management on Wednesday said its manufacturing index fell to 58.7 in October from September’s 60.8, which was the strongest month since May 2004. A reading above 50 indicates activity is expanding across the factory sector, while a number below 50 signals contraction. Economists surveyed by The Wall Street Journal had expected an October reading...

Source: Wall Street Journal November 01, 2017 14:18 UTC