The Institute of Supply Management’s (ISM) manufacturing gauge remained stalled
or neutral in October on account of weak global demand.
The ISM printed
at 50.1, which is slightly above the expected figure of 50.00, but below
September’s 50.2. The actual figure for October is the weakest since Oct 2013.
Employment weakest since Aug 2009
The ISM
group’s measure of employment decreased to 47.6 in October, the weakest reading
since August 2009, from 50.5 a month earlier. The export orders index improved
to 47.5 from 46.5, but still in contraction for the fifth consecutive month.
Other details
Prices paid 39 vs 38
exp
Construction spending 0.6% vs 0.5% exp
Consumer spending
climbed 3.2%
