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U.S. Manufacturing Index Unexpectedly Indicates Faster Contraction In October

Por: RTTNews Business November 01, 2023

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Manufacturing activity in the U.S. unexpectedly contracted at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Wednesday.The ISM said its manufacturing PMI fell to 46.7 in October from 49.0 in September, with a reading below 50 indicating a contraction. Economists had expected the index to come in unchanged compared to the previous month.The unexpected decrease by the headline index... + full article



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