ISM Manufacturing
The U.S. manufacturing sector contracted in October, Manufacturing PMI® registered 46.5%, for the seventh consecutive month and the 23rd time in the last 24 months,
Regarding the overall economy, this figure indicates that the economy continued in expansion for the 54th month after one month of contraction in April 2020. (A manufacturing PMI® above 42.5%, over a period of time, generally indicates an expansion of the overall economy.)
The Employment Index registered 44.4%, up 0.5 pp from September’s figure of 43.9%.
The Prices Index returned to expansion territory, registered 54.8%, up 6.5 pp higher compared to the reading of 48.3% in September.
The New Orders Index remained in contraction territory, registering 47.1%, 1 pp higher than the 46.1% recorded in September.
The New Exports Orders Index reading of 45.5% is 0.2 pp higher than the 45.3% registered in September.
The Inventories Index registered 42.6%, down 1.3 pp compared to September’s reading of 43.9%.
Read the ISM release.
