Published • loading... • Updated
Manufacturing sector marks 10 straight months of growth ahead of midterms
The ISM index rose to 55.5, beating forecasts as new orders and production strengthened, while prices paid stayed elevated.
- On Monday, the Institute for Supply Management reported its manufacturing PMI increased to 55.5% in October, marking the 10th consecutive month of expansion for the sector.
- Despite output growth, manufacturers faced significant inflationary pressure as input costs remained elevated, with the survey's gauge of prices paid registering a high 75.2 in October.
- Susan Spence, chair of the ISM's Manufacturing Business Survey Committee, noted general sentiment worsened for a third consecutive month, with 66% of respondent commentary being negative.
- Last Wednesday, the Federal Reserve left interest rates in the 3.75%-4.00% range while acknowledging that inflation "remains elevated," with economists expecting further rate moves in December.
- Persistent supply constraints and rising demand for AI and data centers continue to challenge manufacturers, suggesting inflationary pressures remain far from contained through 2027.
Insights by Ground AI
Podcasts & Opinions
56 Articles
56 Articles
President Trump’s Manufacturing Comeback Surges — Factory Output Hits Fastest Pace In Nearly Five Years – 100PercentFedUp.com – by Jack
American manufacturing is expanding for a tenth straight month as factory output, jobs, wages and major new investments all gain momentum.
·Michigan, United States
Read Full Article
Missoulian+5 Reposted by 5 other sources
Manufacturing in US strengthens in October
WASHINGTON — U.S. manufacturing activity picked up in October amid strong domestic demand, keeping inflation at the factory gate elevated.
·Missoula, United States
Read Full ArticleCoverage Details
Total News Sources56
Leaning Left1Leaning Right19Center16Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
C 44%
R 53%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
