The Manufacturing Sector PMI stood at 56.5 in October compared to 57.7 in September 2016. The deceleration in PMI indicate that the manufacturing activities are expanding at a moderate pace in October 2016. The deceleration in October compared to September was mainly due to the moderated pace in which Production and New Orders sub-indices performed. The Stock of Purchases sub-index increased significantly in October indicating a stack of stocks for the upcoming season while Suppliers’ Delivery Time increased marginally. The Employment sub-index also decelerated compared to the previous month. Overall data points to an expansion where all the subindices are above the neutral 50.0 threshold. The expectations for activities indicate an improvement for the next three months.