US Manufacturing Surveys Mixed In October; Prices Down, Production Up Amid the month-long vacuum of macro data, thanks to the shutdown, ‘soft’ survey data has become almost the only leg left standing to judge the economy by (absent the housing data). Following better-than-expected prints across Europe, and beats in Brazil and Canada, this morning’s S&P Global US Manufacturing PMI rose more than expected to 52.5 (52.2 exp), up from 52.0 – tracking hard data higher. That signaled a third successive month that the S&P Global PMI has posted above the critical 50.0 no-change mark and indicative of a solid improvement… — Continue at ZeroHedge News : Read More
