US Manufacturing PMI Slips to 54.9; Supplier Deliveries Slow Most Since 2022
The S&P Global US Manufacturing PMI eased to 54.9 in October, but the pullback was on the demand side, not the supply side. Supplier delivery times lengthened by the most since August 2022, and the survey ties the delays squarely to shipping and logistics, an angle the freight market is already pricing into lanes out of Asia.
Key Takeaways October PMI fell to 54.9 from September's 52-month high of 55.9, a fifteenth straight month above the 50.0 no-change line per S&P Global, released Nov 2. Supplier delivery times lengthened to the greatest degree since August 2022, with delays the most widespread since 2022 and often linked to shipping and logistics. Factory selling-price inflation ran at it…
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