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ISM Manufacturing PMI increased to 51.9

Tuesday, Nov 01 2016
ISM Manufacturing PMI increased to 51.9

The October PMI registered 51.9 percent, an increase of 0.4 percentage point from the September reading of 51.5 percent. The New Orders Index registered 52.1 percent, a decrease of 3 percentage points from the September reading of 55.1 percent. The Production Index registered 54.6 percent, 1.8 percentage points higher than the September reading of 52.8 percent. The Employment Index registered 52.9 percent, an increase of 3.2 percentage points from the September reading of 49.7 percent.

 

Inventories of raw materials registered 47.5 percent, a decrease of 2 percentage points from the September reading of 49.5 percent. The Prices Index registered 54.5 percent in October, an increase of 1.5 percentage points from the September reading of 53 percent, indicating higher raw materials prices for the eighth consecutive month. Comments from the panel are largely positive citing a favorable economy and steady sales, with some exceptions.

 

Euro is currently being traded around 1.1050 handle, Sterling is above 1.2230 level, while Aussie is around 0.7670 area.

Last modified on Tuesday, 01 November 2016
More in this category: « UK Manufacturing PMI fell to 54.3 Building Approvals fell by 8.7% »

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