Indicators show ISM Manufacturing PMI fell from 49.1 (Sep) to 48.7 (Oct) contracting for the eighth consecutive month while Non-Manufacturing (Services) PMI climbed from 50.0 (Sep) to 52.4 (Oct). In addition, the preliminary numbers project a decline in Consumer Sentiment.
We’ll be keeping a close eye on these indicators and be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.
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