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
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
