India, Nov. 2 -- The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing activity increased by more than expected in the month of October.
The ISM said its manufacturing PMI rose to 55.5 in October after edging down to 54.5 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 54.6.
The bigger-than-expected rebound by the headline index partly reflected a notable increase by the production index, which shot up to 59.0 in October from 56.7 in September.
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