US ISM Manufacturing PMI Rises to 55.5 in October Beating Forecasts
Key Facts
The US ISM Manufacturing PMI rose to 55.5 in October, exceeding market expectations of 54.7. ActionForex reported that the sector maintained its expansion for the tenth consecutive month, supported by a significant surge in production and sustained new orders.
The production index climbed from 56.7 to 59.0, reaching its highest level since November 2021, while new orders edged up to 55.5. Although input price pressures remained, the Prices Paid Index fell to 75.2 from 77.9, while the ISM Manufacturing Employment index was recorded at 52.4 on November 2, 2026.
Following this data, the market awaits the JOLTs Job Openings and Factory Orders reports scheduled for release on November 3, 2026, to further gauge the strength of the industrial sector.
Latest Updates · 3
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Update: US manufacturing employment growth reached its highest level in over five years in October 2026. In conjunction with the ISM data, S&P Global reported its manufacturing PMI at 54.9 for the same period.
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Update: Separate data showed the final S&P Global US Manufacturing PMI fell to 54.9 in October, missing the expected 56.0. Additionally, US construction spending declined by 1.9% in September, marking a 2.7% year-over-year drop as of November 2, 2026.
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Update: U.S. manufacturing production reached its highest level in five years during October. This surge was primarily driven by robust demand from the artificial intelligence sector as of November 2, 2026.