US Manufacturing Surveys Slump In October, New Orders Slide, Prices Surge
Markit’s US Manufacturing PMI tumbled in October, from 60.70 in September to 59.2 in preliminary October data to a final print of 58.4, tracking the dismal disappointing slide in actual US macroeconomic data.
ISM’s US Manufacturing survey also slipped lower in October (from 61.1 to 60.8) but printed better than the expected 60.5.