The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for October was 52.5, up 0.5 points from September and marking the third consecutive month above the 50 no-change point. Manufacturers reported an increase in output and new orders. Domestic market demand resulted in the strongest rise in new orders in 20 months.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. See S&P Global