The USA Institute for Supply Management (ISM) manufacturing index data fell to 60.8 in October. Last month, this data was announced at the level of 61.1.
The fact that the PMI data is above 50 points indicates that the manufacturing sector of the US economy is growing.
Economists surveyed by Reuters had predicted the data would come in at 60.5.
While ISM's factory employment sub-index rose to 52 in October, this data was announced at 50.2 last month.
Comments
No comment yet.