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“The October PMI  registered 57.7 percent, a decrease of 2.1 percentage points from the September reading of 59.8 percent,” the ISM announced on Thursday.

Key takeaways from the press release

  • The New Orders Index registered 57.4 percent, a decrease of 4.4 percentage points from the September reading of 61.8 percent.
  • The Production Index registered 59.9 percent, a 4 -percentage point decrease compared to the September reading of 63.9 percent.
  • The Employment Index registered 56.8 percent, a decrease of 2 percentage points from the September reading of 58.8 percent.
  • The Prices Index registered 71.6 percent, a 4.7-percentage point increase from the September reading of 66.9 percent, indicating higher raw materials prices for the 32nd consecutive month.