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US: September PMI signals further improvement in manufacturing conditions - Markit
"September survey data signalled a further improvement in operating conditions across the US manufacturing sector," said the IHS Markit on Monday.
Key highlights:
- The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index (PMI) registered 53.1 in September, up slightly on the flash reading of 53.0 and rising from 52.8 in August.
- The upturn signalled a slight pick up in growth momentum and a strong improvement in overall operating conditions across the sector.
- Production growth continued to expand at the end of the third quarter.
- New orders received continued to increase in September.
- Inflationary pressures intensified as input price inflation accelerated sharply.
- Employment expanded at quickest rate for nine months
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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