Manufacturing grows in Ireland and US as input costs and shortages persist

What happened?

1. The ISM U.S. manufacturing PMI registered 55.5 percent in October, the 10th consecutive month of expansion and 1 percentage point above September, according to Supply Chain Dive
2. ISM's Prices Index was 75.2 percent, down 2.7 percentage points from September's 77.9 percent.
3. The Production Index climbed 2.3 percentage points to 59 percent, while New Orders registered 55.5 percent, gaining 0.2 percentage points from September
4. Susan Spence, chair of ISM's Manufacturing Business Survey Committee, attributed rising negative sentiment among respondents to inflationary pressures and constrained raw material availability linked to the Iran war and trade policy
5. TradingView reported Irish manufacturing activity grew strongly in October; eurozone PMI releases described factory output as solid or resilient despite supply chain pressures
6. The U.S. manufacturing sector added 9,000 jobs in September, and the Employment Index slipped 0.3 percentage points to 52.4 percent in October, ISM reported

October PMI data showed U.S. manufacturing expanded for a 10th consecutive month at 55.5 percent, Irish manufacturing activity grew, and eurozone manufacturing growth continued despite supply chain pressures. ISM's Prices Index remained at 75.2 percent, and respondents cited constrained raw material availability alongside inflationary pressures attributed to the Iran war and trade policy.

A machine summary written from the reports listed below; read them for the full account. How summaries are made and what is checked.