- Analytics
- News and Tools
- Market News
- US: S&P Global Manufacturing PMI falls to 50.4 in October (final) vs. 49.9 expected
US: S&P Global Manufacturing PMI falls to 50.4 in October (final) vs. 49.9 expected
- S&P Global Manufacturing PMI fell toward 50 in October.
- US Dollar Index stays deep in negative territory below 111.00.
The S&P Global Manufacturing PMI declined to 50.4 in October from 52 in September. This reading came in better than the initial estimate and the market expectation of 49.9.
Assessing the survey's findings, "October PMI data signalled a subdued start to the final quarter of 2022, as US manufacturers recorded a renewed and solid drop in new orders," said Siân Jones, Senior Economist at S&P Global Market Intelligence.
"Domestic and foreign demand weakened due to greater hesitancy among clients as prices rose further and amid dollar strength," Jones added. "As such, efforts to clear backlogs of work, rather than new order inflows, drove the latest upturn in production."
Market reaction
The greenback failed to help the dollar gather strength against its rivals. As of writing, the US Dollar Index was down 0.6% on the day at 110.88.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
