- The ISM Manufacturing PMI report confirmed ongoing contraction in enterprise exercise in October.
- The US Greenback Index holds regular close to 104.00 after the PMI report.
The enterprise exercise within the US manufacturing sector continued to contract at an accelerating tempo in October, with the ISM Manufacturing PMI falling to 46.5 from 47.2 in September. This studying got here in under the market expectation of 47.6.
The Employment Index of the PMI survey edged barely greater to 44.4 from 43.9 in the identical interval and the Costs Paid Index rose sharply to 54.8 from 48.3. Lastly, the New Orders Index improved to 47.1 from 46.1.
Market response
The US Greenback Index stays in its day by day vary at round 104.00 after the ISM Manufacturing PMI information.
