US ISM Manufacturing PMI drops to 46.5 in October vs. 47.6 expected

• The ISM Production PMI report revealed continuous contraction in company activity in October.
• The United States Dollar Index holds consistent near 104.00 after the PMI report.

Business activity in the United States production sector continued to contract at a speeding up speed in October, with the ISM Production PMI being up to 46.5 from 47.2 in September. This reading can be found in listed below the marketplace expectation of 47.6.

The Work Index of the PMI study edged a little greater to 44.4 from 43.9 in the very same duration and the Rates Paid Index increased greatly to 54.8 from 48.3. Lastly, the New Orders Index enhanced to 47.1 from 46.1.

Market response

The United States Dollar Index remains in its day-to-day variety at around 104.00 after the ISM Production PMI information.