Unexpected US manufacturing activity rise in October


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The ISM’s manufacturing purchasing managers index increased to 59.0 last month from 56.6 in September. The top-line index is back to its August reading, which was the highest since March 2011. In October, 16 of 18 reporting industries reported growth.

Other manufacturing PMIs around the world slowed in October, a few falling into or staying at readings that indicate contraction. China‘s two factory readings were barely above 50 last month. The total eurozone PMI was slightly expansionary, but the readings for France and Italy showed contracting activity. The UK PMI was one of the few indexes to accelerate in October.

Via Unexpected US manufacturing activity rise in October
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