U.S. September ISM Manufacturing PMI Slips to 54.5, Prices Index Rises to 77.9

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.