US: ISM Manufacturing PMI Declines in September

The economic activity in the US’ manufacturing sector expanded in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4 from 56. This reading came in worse than the market expectation of 56.3

Further details of the publication revealed that the Prices Paid Index rose to 62.8, the highest reading since October 2018, from 59.5, the New Orders Index declined to 60.2 from 67.6 and the Employment Index improved to 49.6 from 46.4.