U.S. Factory Activity Contracts at Faster Pacer as Production Lags

Core Insights - The Institute for Supply Management reported a decline in the purchasing managers' index of manufacturing activity, which fell to 48.7 in October from 49.1 in September [1] Summary by Category - Manufacturing Activity - The purchasing managers' index indicates a contraction in manufacturing, as the index value is below 50, signaling a decrease in manufacturing activity [1]