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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.