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US ISM manufacturing stagnated in October, employment drops sharply

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The Institute of Supply Management’s (ISM) manufacturing gauge remained stalled or neutral in October on account of weak global demand.

    The ISM printed at 50.1, which is slightly above the expected figure of 50.00, but below September’s 50.2. The actual figure for October is the weakest since Oct 2013.

    Employment weakest since Aug 2009

    The ISM group’s measure of employment decreased to 47.6 in October, the weakest reading since August 2009, from 50.5 a month earlier. The export orders index improved to 47.5 from 46.5, but still in contraction for the fifth consecutive month.

    Other details

    Prices paid 39 vs 38 exp

    Construction spending 0.6% vs 0.5% exp

    Consumer spending climbed 3.2%
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