US Markit October mftg PMI flash 24 Oct
- 51.5 prev
- mftg output index 55.3 vs 52.5 prev
- news orders 54.7 vs 51.1 prev
Stronger than exp/prev provisional reading having little impact. Highest headline reading since Oct 2015
USDJPY still having a little battle around 104.00 with large expiries rolling off at the top of the hour.
The Manufacturing Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
