Manufacturing's continued weakness emerged from a broad data dump
Thursday, a contrast to increasingly buoyant consumers and
construction's rebound.
The Institute for Supply Management's factory activity index edged up to 51.7 in October from 51.5 in September, signaling slightly faster growth. But most components worsened, including the employment gauge.
Earlier regional gauges softened last month, though the latest ISM report suggests manufacturing sentiment may be stabilizing, with help from central bank stimulus policies, wrote Bricklin Dwyer, a BNP Paribas analyst, in a client note.
The Institute for Supply Management's factory activity index edged up to 51.7 in October from 51.5 in September, signaling slightly faster growth. But most components worsened, including the employment gauge.
Earlier regional gauges softened last month, though the latest ISM report suggests manufacturing sentiment may be stabilizing, with help from central bank stimulus policies, wrote Bricklin Dwyer, a BNP Paribas analyst, in a client note.
No comments:
Post a Comment