ISM Shows U.S. Manufacturing Sector Contraction Accelerated in October

The October ISM Manufacturing Index fell to 46.7, from 49.0 in September, falling short of the 49.0 markets had expected. This month’s contraction was broad based with only two industries reporting growth. The new orders sub-index pulled back 3.7 percentage points (pp) to 45.5, while new export orders remained in contraction territory (49.4) despite a […]

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