Following two consecutive monthly declines, total manufacturing sales rose 2.1% to $70.8 billion in October, mainly on higher sales of petroleum and coal products (+15.9%), followed by transportation equipment (+3.7%). Meanwhile, sales of paper (-3.5%) posted the largest decline. Despite the month-over-month increase in October, sales were down 0.2% on a year-over-year basis.
Sales in constant dollars increased 1.4% in October, while the industrial product price index rose 1.2% and the raw materials price index increased 3.8% during the same period.
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