US manufacturing activity accelerates in October
US manufacturing activity increased in October due to solid domestic demand and AI spending. The ISM manufacturing PMI rose to 55.5 while factory input prices stayed high.
United States manufacturing activity rose to 55.5 in October amid solid domestic demand, outpacing economists' expectations. The Institute for Supply Management reported the expansion follows a 54.5 reading in September, keeping factory growth steady. Strong consumer spending and artificial intelligence investments continue to drive industrial momentum despite ongoing inflationary pressures.
