U.S. manufacturing activity showed modest growth in October, continuing a streak of 10 consecutive months of expansion ahead of the midterm elections. The Institute for Supply Management’s purchasing managers’ index rose to 55.5%, up from 54.5% the previous month, signaling stronger production conditions. Four out of five key subindexes within the PMI also improved, reflecting broad-based gains in the sector. Economists will watch whether this momentum persists as supply chain and labor challenges remain critical factors.
U.S. manufacturing activity expanded slightly in October, marking 10 straight months of growth leading into the midterms. The manufacturing purchasing managers’ index (PMI) was 55.5 percent last month, up from 54.5 percent in September, the Institute for Supply Management (ISM) reported Monday. Four of the five subindexes that make up the PMI increased from September,...
