Manufacturing activity cools, prices fall

ISM Manufacturing Index fell to 50.2 in October

(Source: ISM)

The ISM’s Manufacturing PMI fell to 50.2 in October from 50.9 in September. A reading above 50 signals expansion, which suggests manufacturing activity continues to expand but at a decelerating rate.

From the ISM’s Timothy Fiore:

“The U.S. manufacturing sector continues to expand, but at the lowest rate since the coronavirus pandemic recover…