Demand Remained Strong for the Manufacturing Sector in October

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 60.8 in October, off 0.3 points from 61.1 percent in September. October is the 17th consecutive reading above the neutral 50 threshold and the eighth month above 60 in the last 11 months (see first chart). The survey results suggest that the manufacturing sector continues to expand at a robust pace.