US DATA: Oct Richmond Fed mfg new orders 8 vs 0, prices paid 1.54
vs 1.31. Retail revenues -7 vs -8, Services revs -5 vs -6. Text says mfg
“advanced modestly in October, following a slight pullback in September,
according to the Richmond Fed’s latest survey. Looking at the main
components of activity, shipments and employment edged back into
positive territory while the volume of new orders posted solid gains.
Other indicators varied. District contacts reported that growth in order
backlogs was virtually unchanged, while delivery times grew more slowly.
Furthermore, manufacturers reported that capacity utilization grew at a
faster pace, while inventories grew at a slightly slower rate.”
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