US Manufacturing Expands as S&P Global PMI Eases to 54.9
The S&P Global manufacturing PMI fell to 54.9 from 55.9 in September, marking a 15th straight month of expansion. Output and new orders rose at slower rates, while inflationary pressures intensified sharply.
The S&P Global manufacturing PMI eased to 54.9 from September's 55.9, still marking a fifteenth straight month of expansion but indicating a slight softening in growth.Output and new orders rose at slower rates, while inflationary pressures intensified sharply. Input—cost inflation hit its highest…