It's been obvious for some time that the US manufacturing sector has been stumbling, which has been a factor in the general deceleration in US economic output this year. But October data hints at the possibility that manufacturing's slide has ended.
Preliminary survey readings from three Federal Reserve banks suggest that manufacturing's headwinds may be easing. It's premature to read too much into this data, but suddenly the possibility looks a bit stronger for thinking that this sector's weakness has run its course. If that turns out to be the case, a key risk