October Manufacturing PMI Slips to 48.3 on Weak New Orders

S&P Global data shows manufacturing contracted while services sector activity stayed above 50, indicating modest growth.

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Terms & Concepts
  • Purchasing Managers' Index (PMI): An economic indicator that measures the health of the manufacturing or services sector, with readings above 50 indicating expansion and below 50 signaling contraction.
  • S&P Global: A financial information and analytics company that produces economic indicators, including PMI surveys for manufacturing and services sectors.