Slower factory growth seen by Moody’s unit

Factory output growth possibly slowed in October, the economic research arm of Moody’s Investors Service said, given weak global demand and the El Nino weather phenomenon having weighed on food manufacturers.

Ahead of next week’s release of official manufacturing data, Moody’s Analytics forecast October growth of 3.2 percent, down from September’s 3.5 percent and the 8.7 percent recorded a year earlier.