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US: Economic activity in the manufacturing sector expanded in September - ISM
"The September PMI® registered 60.8 percent, an increase of 2 percentage points from the August reading of 58.8 percent," Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee, said on Monday.
Key quotes:
- The New Orders Index registered 64.6 percent, an increase of 4.3 percentage points from the August reading of 60.3 percent.
- The Production Index registered 62.2 percent, a 1.2 percentage point increase compared to the August reading of 61 percent.
- The Employment Index registered 60.3 percent, an increase of 0.4 percentage point from the August reading of 59.9 percent.
- The Supplier Deliveries Index registered 64.4 percent, a 7.3 percentage point increase from the August reading of 57.1 percent.
- The Inventories Index registered 52.5 percent, a decrease of 3 percentage points from the August reading of 55.5 percent.
- The Prices Index registered 71.5 percent in September, a 9.5 percentage point increase from the August level of 62, indicating higher raw materials prices for the 19th consecutive month.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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