Economic Buzz: US ISM manufacturing PMI improves in October

The United States manufacturing activity grew in October, a report from the Institute for Supply Management (ISM) published on Monday showed. ISM Manufacturing Purchasing Managers' Index (PMI) stood at 55.5%, up from September's 54.5% and remaining above the 50% threshold.

In the reported month, the New Orders Index rose to 55.5%, up from 55.3% registered in September. The Production Index rose from 56.7% in September to 59% in October. The Employment Index slipped 0.3 percentage points, month on month, to 52.4%. The Prices Index dropped 2.7 percentage points to 75.2%.

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