The Institute for Supply Management reported that the U.S. manufacturing PMI came in at 54.5 in September, down 0.1 point from 54.6 in August. The reading marked the ninth straight month in expansion territory. Within the report, the new orders index rose to 55.3 and the employment index increased to 52.7. The prices index climbed sharply from 71.1 to 77.9, while the production index fell to 56.7 and the inventories index declined to 48.6. The update was reported by PANews on Oct. 1.
The Institute for Supply Management, or ISM, said the U.S. manufacturing PMI was 54.5 in September, down 0.1 point from 54.6 in August. The index remained in expansion territory for a ninth consecutive month.
In the sub-indexes, new orders rose to 55.3, employment increased to 52.7, and the prices index climbed from 71.1 to 77.9. At the same time, the production index fell to 56.7, while the inventories index dropped to 48.6.
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