MNI DATA IMPACT: ISM Non-manufacturing PMI At 2-Month High

--October ISM Non-manufacturing PMI Up 2.1 Points At 54.7

By Irene Prihoda

     LONDON (MNI) - The ISM Non-manufacturing PMI edged higher in October

following September's decline, data released Tuesday showed.

     The main points of note from the release include:

     - After plummeting to the lowest level since August 2016 in September, the

ISM Non-manufacturing index rose 2.1 points to 54.7, surpassing market

expectations projecting a rise to 53.4.

     - All the main four indicators saw a monthly increase with Employment (up

3.3pt to 53.7) seeing the largest m/m gain, followed by New Orders (up 1.9pt to

55.6), Business Activity (up 1.8pt to 57.0) and Supplier Deliveries (up 1.5pt to

52.5).

     - However, all remaining indices registered a monthly decrease, with Order

Backlogs (-5.5pt to 48.5) seeing the sharpest decline, while Prices (-3.4pt to

56.6), Inventories (-2.5pt to 50.5), Exports (-2pt to 50), Inventory Sentiment

(--1pt to 57) and Imports (-0.5pt to 48.5) fell at a softer pace.

     - The Order Backlogs and the Imports indicator are the only components

registering below the 50-mark, with the former hitting the lowest level since

December 2016 and the latter dropping to an eight-month low.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

--MNI London Bureau; +44 0203 865 3814; email: irene.prihoda@marketnews.com

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