- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
U.S. manufacturing PMI slips to 54.5 in September as output declines
The U.S. manufacturing Purchasing Managers’ Index fell to 54.5 in September, below the market expectation of 54.8. New orders and employment increased while output declined, with growth recorded in 12 manufacturing industries.
The U.S. manufacturing PMI was recorded at 54.5 in September. The index thus fell 0.1 point from 54.6 in August.
The September reading was below the market expectation of 54.8. A PMI above 50 indicates growth in the manufacturing sector, while a reading below 50 signals contraction.
New orders and employment increased
Among the manufacturing subindexes, new orders rose 1.6 points to 55.3. The employment index also increased by 1.5 points to 52.7.
By contrast, the output index fell 1.6 points to 56.7. A total of 12 manufacturing industries reported growth in September, while two sectors contracted.
Electrical equipment, nonmetallic mineral products, primary metals and computer products led the growth.
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