Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM Manufacturing PMI edged up 0.2 percentage points to a level of 51.7 percent in October, maintaining a narrow margin above the diffusion index’s growth threshold of 50.0 for the second consecutive month. Improvements in the new orders component (up from 52.3 percent to 54.2 percent) and the production component (up 2.9 points to 52.4 percent) overtook modest declines in the remaining components. Notably, the employment index fell 2.6 percentage points to 52.1 percent, nearly offsetting a 3.1 percentage point jump up in September. Still, the employment index has been above 50 percent since October 2009 and over that time period, manufacturing employment (as measured by the Bureau of Labor Statistics) has increased by roughly 400,000.