US: October PMI registered 58.7, a decrease of 2.1 points from September reading - ISM

"Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 101st consecutive month," the Institue for Supply Management reported on Wednesday.

Key highlights

• The October PMI registered 58.7 percent, a decrease of 2.1 percentage points from the September reading of 60.8 percent.
• The New Orders Index registered 63.4 percent, a decrease of 1.2 percentage points from the September reading of 64.6 percent.
• The Production Index registered 61 percent, a 1.2 percentage point decrease compared to the September reading of 62.2 percent.
• The Employment Index registered 59.8 percent, a decrease of 0.5 percentage point from the September reading of 60.3 percent.
• The Prices Index registered 68.5 percent in October, a 3 percentage point decrease from the September level of 71.5, indicating higher raw materials prices for the 20th consecutive month.