The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) was 50.0 in October, increasing 0.2 points from September and marking the highest level since April. Manufacturers reported growth in output and new orders but a decrease in employment.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global