The ISM Manufacturing Index in October dropped to 46.7% from 49.0% in September. It fell short of the expected 49.0% by markets. This month’s contraction was broad based with only two industries reporting growth. The new orders index fell by 3.7 percentage point (pp) at 45.5. However, new export orders (49.4) remain in contraction territory despite the aforementioned. […]
The post ISM shows U.S. Manufacturing Sector contraction Accelerating in October appeared initially on Action Forex.