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12/09/2013

October Economic Indicators Report: FPDA Index Jumps 15 Points

The October FPDA Index produced a reading of 63.6, its highest reading since January, according to the latest Economic Indicators Report from Cleveland Research. The reading is 14.6 points higher than September’s reading.

The broader ISM index showed a reading of 56.4 in October, up slightly from September’s reading. Other findings from the report include:

  • October sales were up 2 percent, in line with expectations for the first time since January.
  • 2013 sales expectations are now for a flat year, up from the 1 percent decline previously forecasted. 2014 expectations also increased, to 4-5 percent growth up from 3 percent, on stronger orders and improving backlogs.
  • Inventories increased for the second consecutive month as a net 11 percent of participants added to inventory in October, suggesting broad inventory destocking appears to be over.

Download the full report.

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