Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) rebounded from a dip down to an index level of 54.4 in September, jumping back up to 56.9 in October, its highest level since May. The rebound was largely driven up increases in the new orders (up 7.8 points) and production (up 6.2 points) sub-indexes. The increase in new orders was the largest monthly gain since January 2009. Elsewhere, the employment index edged up from 56.5 in September to 57.7 in October, but is still below its recent cyclical high of 60.4 in August. Also, the indexes for supplier deliveries and inventories slipped lower in October, falling 1.1 points and 1.7 points, respectively.