Factories buck interest rates

Purchasing managers index (PMI) rebounded sharply to 56,1 in October, as robust demand pushed new sales orders up, Investec said yesterday. The index, which measures underlying manufacturing activity, leapt from a near two-year low of 51,6 in September. "The resurgence is somewhat puzzling given higher interest rates," said Investec's Andre Roux. - Reuters

Purchasing managers index (PMI) rebounded sharply to 56,1 in October, as robust demand pushed new sales orders up, Investec said yesterday. The index, which measures underlying manufacturing activity, leapt from a near two-year low of 51,6 in September. "The resurgence is somewhat puzzling given higher interest rates," said Investec's Andre Roux. - Reuters

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