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U.S. manufacturing remained in expansion territory in September, with the Institute for Supply Management’s Manufacturing PMI registering 54.5. The reading was nearly unchanged from August’s 54.6 and marked a ninth consecutive month of manufacturing-sector growth. Price pressures showed a much sharper move. The Prices Index climbed to 77.9 from 71.1 in August, while new orders and employment also strengthened during the month. Key Takeaways The U.S. Manufacturing PMI registered 54.5 in September, compared with 54.6 in August Manufacturing expanded for a ninth consecutive month The Prices Index jumped to 77.9 from 71.1 The New Orders Index increased to 55.3 from 53.7 The Employment Index rose to 52.7 from 51.2 U.S. Manufacturing PMI Remains in Expansion Territory The September reading kept the U.S. manufacturing sector in expansion territory, with the Manufacturing PMI registering 54.5. That was just 0.1 percentage point below the August reading of 54.6. A Manufacturing PMI above 50 generally indicates expansion in the sector, while a reading below 50 indicates contraction. September therefore marked a ninth consecutive month of manufacturing growth following a 10-month period of contraction. Several underlying measures also remained in expansion. New orders and employment strengthened from August, while production registered 56.7 despite declining from
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