Commentary

The NFIB Small-Business Index came in at a strong 91.3 for October versus 92.1 for September. U.S. Consumer Prices were up 0.4% in October, resulting in lower year-over-year inflation of 7.7% for October versus September.

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The U.S. S&P Purchasing Managers Index came in at 49.9 for October versus 52.0 for September. The S&P Services PMI came in at 46.6 for October versus 49.5 for September.

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The S&P U.S. Purchasing Managers’ Index came in at 52.0 for September versus 51.8 for August. The ISM Manufacturing Index came in at 50.9 for September versus 52.8 for August.

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