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US industrial PMI declines unexpectedly


October, 01 2020
watermark Economic news

According to the US Institute for Supply Management (ISM), the US Manufacturing Index (ISM Manufacturing) fell to 55.4% in September from 56% in August. Analysts had expected the indicator to rise to 56.4%.


In addition, the US service sector employment index rose to 49.6% in September from 46.4% in August. Experts had expected a decline to 45.8%.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.