The health of the sector improved to the greatest extent since January, supported by accelerated expansions in output and new orders. Moreover, export sales increased at the quickest pace since August 2016. Meanwhile, inflationary pressures remained marked despite the rate of input price inflation softening from September. Notably, employment rose at the strongest pace since June 2015.

The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers' Index registered 54.6 in October, up from 53.1 in September. The latest index figure indicated a solid improvement in manufacturing operating conditions, that was the fastest seen since the start of the year.