US Factory Activity Grows as AI Spending Rises
US factory activity grew in October as domestic demand stayed solid and businesses spent more on AI. The manufacturing index rose to 55.5 from 54.5 in September. Input prices, however, stayed high. The report says the sector continues its ongoing growth.
Context
A PMI above 50 signals expansion, and below 50 signals contraction, in this monthly survey of purchasing managers. US economic trends matter for India through trade, exports and global markets.
Burning Potato score: 61%