ISM moderated in October on inventory draw down and delivery delays lengthening at a slower pace
The ISM manufacturing index eased back by more than forecasts, declining to 58.7 in October from 60.8 in September. The new orders index moderated to 63.4 from 64.6, the production index declined to 61.0 from 62.2, and the employment index eased back slightly to 59.8 from 60.3.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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