Macro: Oct S&P Final and ISM PMI
New orders up, backlogs down, employment down, inflation up. Index at 50, kiss your mother. As with the regional surveys, the takeaway here as the Chief Economist of S&P Global says, "conditions stabilize." There is not a good gauge on direction here. S&P Global PMI ISM Manufacturing came in at 46.7, again below 48.7 the baseline for contraction/expansion. ISM Manufacturing [...]
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