US ISM October manufacturing PMI 46.5 vs 47.6 anticipated

• Costs paid 54.eight vs 48.5 anticipated (48.three prior) — highest since Could
• Employment 44.four vs 43.9 prior
• New orders 47.1 vs 46.1 prior
• Manufacturing 46.2 vs 49.eight prior
• Provider deliveries 52.zero vs 52.2 prior
• Inventories 42.6 vs 43.9 prior
• Backlog of orders 42.three vs 44.1 prior
• New export orders 45.5 vs 45.three prior
• Imports 48.three vs 48.three prior

It is a miss and that is dovish however the bounce in costs may additionally get the Fed’s consideration, although it is an odd one give the autumn in gas costs. The costs paid quantity is the very best since Could but it surely comes after the bottom variety of the 12 months.

General, it is a powerful stretch for manufacturing proper now and there’s no motive to see a fast flip.

This text was written by Adam Button at www.ubaidahsan.com.



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