美国10月ISM制造业PMI升至55.5，高于54.5的预期
US ISM manufacturing PMI for October 55.5 versus 54.5 estimate
The U.S. ISM manufacturing PMI rose to 55.5 in October, higher than the expectation of 54.5. The previous value was 54.5. The manufacturing industry was in the expansion range for the 10th consecutive month, and the production index rose to the highest since November 2021. Among the sub-items, the price paid index fell to 75.2, lower than the expectation of 77.5 and the previous value of 77.9; the employment index was 52.4, the new orders index only rose slightly to 55.5, and the inventory index rebounded to 51.4. The report pointed out that business sentiment has weakened for the third consecutive month, with 66% of respondents' comments being negative, of which 62% mentioned price fluctuations and 25% mentioned tariffs.
In October, the ISM manufacturing PMI exceeded expectations and expanded for the 10th consecutive month. The production index hit the highest level since November 2021. However, business sentiment has weakened for the third consecutive month, and 66% of the respondents' comments were negative, showing that there are differences in the quality of growth. The price paid index fell back to 75.2, and price pressure has eased marginally. However, 62% of negative comments mentioned price fluctuations and 25% mentioned tariffs, indicating that the cost-side disturbance has not subsided. For traders, the focus is on how this combination of "strong aggregate volume and weak economic sentiment" affects the market's pricing of the pace of the Federal Reserve's interest rate cuts, which in turn is transmitted to the U.S. dollar and gold.
报告拆解了10月ISM制造业PMI超预期背后的分项结构，读者可据此判断增长成色与美联储降息节奏的关系。
来源：ForexLive · investinglive.com