USA: manufacturing sector still in contraction

(CercleFinance.com) - The US manufacturing PMI - calculated by S&P Global - recovered slightly in October, coming in at 48.
5 versus 47.3 the previous month, but remains below the 50 threshold that marks the boundary between expansion and contraction in the sector's activity.

S&P Global points out that production and new orders fell less sharply last month, while inflationary pressures weakened, and that the recent hurricanes caused delays in supply chains.

Published separately, the Institute for Supply Management (ISM) index points to a further contraction in the US manufacturing sector, coming in at 46.5 for the past month, compared with 47.2 in September.

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