ISM Non-Manufacturing Index rose to 54.7 in October, up from 52.6, beat expectation of 53.2. Business Activity rose 1.8 to 57.0. New orders rose 1.9 to 55.6. Employment also improved by 3.3 to 53.7. According to the NMI, 13 non-manufacturing industries reported growth. The non-manufacturing sector had an uptick in growth after reflecting a pullback in September. The respondents continue to be concerned about tariffs, labor resources and the geopolitical climate.”
ISM non-manufacturing roes to 54.7, 13 industries reported growth
