“The October PMI® registered 51.9 percent, an increase of 0.4 percentage point from the September reading of 51.5 percent… The Employment Index registered 52.9 percent, an increase of 3.2 percentage points from the September reading of 49.7 percent.”- ISM Spokesman Bradley J. Holcomb.
We were pleased to see the strong increase in the Employment Index, which agrees with PMPA’s Employment sentiment indicator which was reported to be above 95% for September.
Positive showing for manufacturing and employment in October 2016.
Link to full ISM Report: https://www.instituteforsupplymanagement.org/ismreport/mfgrob.cfm?SSO=1
Chart courtesy of Calculated Risk Blog: http://www.calculatedriskblog.com/
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