US ISM Manufacturing PMI drops to 46.5 in October vs. 47.6 expected
Source Fxstreet
- The ISM Manufacturing PMI report showed ongoing contraction in business activity in October.
- The US Dollar Index holds steady near 104.00 after the PMI report.
The business activity in the US manufacturing sector continued to contract at an accelerating pace in October, with the ISM Manufacturing PMI falling to 46.5 from 47.2 in September. This reading came in below the market expectation of 47.6.
The Employment Index of the PMI survey edged slightly higher to 44.4 from 43.9 in the same period and the Prices Paid Index rose sharply to 54.8 from 48.3. Finally, the New Orders Index improved to 47.1 from 46.1.
Market reaction
The US Dollar Index stays in its daily range at around 104.00 after the ISM Manufacturing PMI data.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
Institutional buying of Bitcoin has surpassed miner supply, driven by renewed investment interest.
XRP Surges Towards $2.20, Leading Monday Gains as Crypto ETF Flows Tilt in Its FavorXRP rebounds above $2.20 after a 17% weekly surge, supported by $483 million of ETF inflows versus $1.09 billion outflows for Bitcoin ETFs and a $564 million loss for Ethereum products, as traders watch $2.22 resistance and longer-range targets.
XRP rebounds above $2.20 after a 17% weekly surge, supported by $483 million of ETF inflows versus $1.09 billion outflows for Bitcoin ETFs and a $564 million loss for Ethereum products, as traders watch $2.22 resistance and longer-range targets.
My Top 5 Stock Market Predictions for 2026Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
Five 2026 market predictions written in a native, news-style voice: AI’s winners and losers, broader sector leadership, dividend demand, valuation cooling as the Shiller CAPE sits at 39 (Dec. 31, 2025), and quantum-computing bursts—while keeping all original facts and numbers unchanged.
U.S. to freeze and take control of Venezuela's Bitcoin holdings after Maduro captureThe United States is allegedly moving to freeze and take control of Bitcoin held by Venezuela after the capture of Nicolás Maduro, who is now facing narco-terrorism charges in a federal court in New York. Crypto prices began to rally right after the news broke, as Cryptopolitan earlier reported that Bitcoin led the gains to […]
The United States is allegedly moving to freeze and take control of Bitcoin held by Venezuela after the capture of Nicolás Maduro, who is now facing narco-terrorism charges in a federal court in New York. Crypto prices began to rally right after the news broke, as Cryptopolitan earlier reported that Bitcoin led the gains to […]
