ISM production surge adds complexity to Bitcoin rate outlook

Community Trust Score Verified 91 % Real Verified 11 votes Updated 35 seconds ago The Institute for Supply Management reported on November 2 that its October production index reached 59, the highest reading since November 2021. The figure rose from 56.7 in September, indicating a broadening of monthly changes across survey respondents. This development provides a stronger growth signal for U.S. manufacturers while introducing complexity to the interest rate outlook for digital assets. The headline manufacturing Purchasing Managers’ Index (PMI) rose to 55.5 from 54.5 in September. This marked the tenth consecutive month of expansion in the survey.

Source: The Currency Analytics