The ISM US manufacturing PMI slipped to 46.7 in October from 49 in September and below forecasts of 49. Readings below 50 indicate a contraction from the previous month, and this reading points to the eleventh consecutive contraction for the manufacturing sector.
Mortgage applications in the US sank by 2.1% last week, extending the 1% drop from the previous week to mark the third consecutive period of decline, according to the Mortgage Brokers Association.
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