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ISM manufacturing survey beats expectations

Staff Writer |
Growth in the U.S. economy's manufacturing sector improved more than expected in October, according to the U.S. Institute for Supply Management.

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The ISM's headline manufacturing index rose to 51.9 from 51.5 in September, beating forecasts for a reading of 51.7.

The employment index edged up to 52.9 from 49.7, while the new orders index came in at 52.1, down from 55.1 in September.

The production index rose 1.8 percentage points to 54.6 and the prices paid index came in at 54.5 from 53 the month before.

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