U.S. manufacturing is back in expansion.
ISM Mfg PMI Oct: 55.5 vs 54.6 est (+0.9 beat) vs 54.5 Sep (+1.0 M/M). Now +5.5 pts above 50 — expansion threshold.
3rd straight month above 50, strongest since mid-2022. Trend from 2017-2025 shows recovery from 2023 lows.
What it means: new orders + output driving resilience. For crypto = risk-on tailwind but Fed cut odds may cool.
Supporting data, same chart upgraded for Orbit.
#ISM #PMI #USMacro #Economy #Fed #OKX #OKXMacro #MacroPulse
OKX Macro Pulse
The US ISM Manufacturing PMI for October recorded 55.5, higher than the market expectation of 54.6, exceeding expectations by 0.9 points, and up 1 point from the previous value of 54.5 in September. The index continues to operate above the 50-point threshold, exceeding it by 5.5 points, indicating ongoing expansion in manufacturing activity. Looking at the trend over recent months, the index was 53.3 in June, rose to 55.6 in July, then slightly declined for two consecutive months in August and September to 54.6 and 54.5 respectively. The October data ended the downward trend and rose again, just 0.1 points below the July high of 55.6, marking the second highest in the past four months. The data exceeded market expectations, showing that the momentum of manufacturing expansion has strengthened compared to the end of the third quarter.
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