ISM Manufacturing Index Shows Eighth Consecutive Month of Contraction

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The ISM Manufacturing Index fell to 48.7 in October, reversing September’s increase and returning to the level we saw in August. Six of 18 industries reported growth last month, up from five in September. But it was smaller industries that reported growth this month, accounting for only 58% of manufacturing GDP compared to 70% last […]The post ISM Manufacturing Index Shows Eighth Consecutive Month of Contraction appeared first on Action Forex.