The US manufacturing purchasing managers’ index (PMI), prepared by the Institute for Supply Management (ISM), dropped from 52.8 in August to 50.9 in September. Analysts heard by Wall Street Journal predicted a smaller drop to 52.0.
The price sub-index dropped from 52.5 in August to 51.7 in September. The number of jobs rose from 54.2 in August to 48.7 in September, while that of new orders dropped from 51.3 in August to 47.1 in September.
Production rose from 50.4 in August to 50.6 in September, while inventories rose from 53.1 in August to 55.5 in September.
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