US: ISM Non-Manufacturing PMI comes in at 60.3 in October vs 59.5 expected

"The NMI registered 60.3 percent, which is 1.3 percentage points lower than the September reading of 61.6 percent," the ISM reported on Monday.

Key takeaways from the press release

• The Non-Manufacturing Business Activity Index decreased to 62.5 percent, 2.7 percentage points lower than the September reading of 65.2 percent.
• The New Orders Index registered 61.5 percent, 0.1 percentage point lower than the reading of 61.6 percent in September.
• The Employment Index decreased 2.7 percentage points in October to 59.7 percent from the September reading of 62.4 percent.
• The Prices Index decreased 2.5 percentage points from the September reading of 64.2 percent to 61.7 percent, indicating that prices increased in October for the 32nd consecutive month.