Analysts at Nomura note that the US ISM manufacturing index fell 2.1pp in October to 57.7, below expectations (Nomura and Consensus: 59.0), suggesting some deceleration in manufacturing momentum. Key Quotes “Both the production and new orders indices in the ISM survey fell, by 4.0pp to 59.9 and 4.4pp to 57.4, respectively.” “The new orders index now sits at its lowest level since April 2017. The new export orders index fell 3.8pp to 52.2, its lowest level since November 2016, consistent with moderating external growth and a stronger US dollar.” “The employment index declined 2.0pp to 56.8, consistent with our expectation of some moderation in manufacturing hiring in October but a still healthy reading. The prices paid index increased 4.7pp to 71.6 but remains below its six-month average of 73.4, suggesting continued upstream price pressures.” “Today’s ISM report suggests that concerns over US trade policy and its impact on supply chains is starting to outweigh steady manufacturing outlook that has been supported by strong domestic demand.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil remains subdued as markets hope for safety, WTI stuck near $63.40 FX Street 4 years Analysts at Nomura note that the US ISM manufacturing index fell 2.1pp in October to 57.7, below expectations (Nomura and Consensus: 59.0), suggesting some deceleration in manufacturing momentum. Key Quotes "Both the production and new orders indices in the ISM survey fell, by 4.0pp to 59.9 and 4.4pp to 57.4, respectively." "The new orders index now sits at its lowest level since April 2017. The new export orders index fell 3.8pp to 52.2, its lowest level since November 2016, consistent with moderating external growth and a stronger US dollar." "The employment index declined 2.0pp to 56.8, consistent with our expectation… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
