Add as a preferred source on GoogleU.S. Manufacturing Activity Expands for 10th Straight Month in October
The ISM index rose to 55.5% from 54.5% in September, adding a fresh economic reading to a week of U.S. market events.
U.S. manufacturing activity expanded for a 10th consecutive month in October, as the Institute for Supply Management’s (ISM) headline index rose to 55.5% ahead of the midterm elections and jobs report.
The Manufacturing PMI increased 1 percentage point from September’s 54.5%. The October reading was released at 10 a.m. ET (1500 UTC) Monday, Nov. 2.
The PMI adds a new economic reading to a week of events covered in TokenPost’s earnings and midterm calendar. The midterm elections are Tuesday, Nov. 3, and the October Employment Situation is scheduled for Friday, Nov. 6, at 8:30 a.m. ET (1330 UTC). September payrolls rose by 29,000, while unemployment was 4.2%.
The Federal Open Market Committee held its federal funds target range at 3.75% to 4% on Oct. 28. Cook and Hammack were the two dissenters, each preferring a 25-basis-point increase.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.