US ISM PMI had increased to 59.3 in October 2020.

The prices increased to 65.5 (+2.7) because the producers were ramping up their inventories (51.9, +4.8) with more imports. The new order rose significantly because of increases in export and local orders which also caused customers’ inventories to be depleted (36.7, -1.2) consequently. This depletion caused producers to increase their production (63, +2) by increasing deliveries and employment. Overall, the PMI had increased to 59.3 which meant that the US was in an expansionary mode. However, the recent increase in daily infection rate to more than 100K would stall this expansion as this might prompt another lockdown to contain the outbreak.