ISM Manufacturing PMI little changed in October

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Monday, Nov 02 2015

The October ISM Manufacturing PMI registered 50.1 percent, a decrease of 0.1 percentage point from the September reading of 50.2 percent, in line with market forecasts.The New Orders Index registered 52.9 percent, an increase of 2.8 percentage points from the reading of 50.1 percent in September. The Production Index registered 52.9 percent, 1.1 percentage points above the September reading of 51.8 percent.

The Employment Index registered 47.6 percent, 2.9 percentage points below the September reading of 50.5 percent. Backlog of Orders registered 42.5 percent, an increase of 1 percentage point from the September reading of 41.5 percent. Comments from the panel reflect concern over the high price of the dollar and the continuing low price of oil, mixed with cautious optimism about steady to increasing demand in several industries.

Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1030 level, Sterling is around 1.5450 area, while Aussie is above 0.7140 level.

More in this category: « Euro stable above 1.10 handle Aussie higher after RBA keeps rates steady »

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