WASHINGTON (Reuters) – Industry in the United States plunged unexpectedly in October as activity was limited by a shortage of goods and a shortage of land and labor.
The stock fell 0.7% last month to 1.520 million units, according to the Commerce Department.
September data revised to 1.530 million units, down from 1.555 million previously announced. Economists consulting with Reuters have forecast a recovery of 1.576 million units.
In turn, housing rose 4.0% to 1.650 million units in October.
(By Lucia Muttigani)
Fusion Media Or anyone associated with Fusion Media will not be liable for any loss or damage resulting from reliance on the information contained in this website, including data, quotes, charts and buy / sell signals. Be fully informed about the risks and costs associated with trading financial markets, which is one of the most potentially risky investment forms.
“Internet addiction in terminals. Award-winning beer expert. Travel expert. General analyst.”
More Stories
Six Essential Tips to Translate Your Work without Hassle
10 top tips for trading online
New automotive technologies