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)
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