Manufacturing activity cools, prices fall
ISM Manufacturing Index fell to 50.2 in October
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…