Economy

US manufacturing index rises to 55.5% with prices still at 75.2%

The ISM manufacturing index rose a percentage point in October, its tenth month of expansion, with production at its highest since November 2021 and the prices index still elevated.

Filed under Economy

The Production Index reached 59%, up 2.3 percentage points. New orders edged up to 55.5%, while employment slipped to 52.4% and the backlog index to 54.6%.

The Prices Index fell 2.7 percentage points to 75.2%, and supplier deliveries slowed for an 11th month.