US: ISM Non-Manufacturing PMI comes in at 60.3 in October vs 59.5 expected

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“The NMI registered 60.3 percent, which is 1.3 percentage points lower than the September reading of 61.6 percent,” the ISM reported on Monday.

Key takeaways from the press release

  • The Non-Manufacturing Business Activity Index decreased to 62.5 percent, 2.7 percentage points lower than the September reading of 65.2 percent.
  • The New Orders Index registered 61.5 percent, 0.1 percentage point lower than the reading of 61.6 percent in September.
  • The Employment Index decreased 2.7 percentage points in October to 59.7 percent from the September reading of 62.4 percent.
  • The Prices Index decreased 2.5 percentage points from the September reading of 64.2 percent to 61.7 percent, indicating that prices increased in October for the 32nd consecutive month.
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