While you were sleeping Weak US manufacturing, housing data before Fed meets

Mon, 28 Oct 2013

Oct. 29 (BusinessDesk) – US manufacturing production rose just 0.1 percent last month while contracts to buy existing homes posted their biggest drop in 3 ½ years, suggesting the federal shutdown helped take some air out of the world’s biggest economy. US manufacturing output was weighed down by a 0.5 percent decline in production of computers, electronic goods and appliances, according to Federal Reserve data. Automobile production slowed to 2 percent from 5.2 percent in August. Contracts to buy previously owned American homes dropped 5.6 p...

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