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- U.S. manufacturing activity expands slightly less than initially estimated in September - HIS Markit
U.S. manufacturing activity expands slightly less than initially estimated in September - HIS Markit
The latest
report by IHS Markit revealed on Thursday the seasonally adjusted IHS Markit
final U.S. Manufacturing Purchasing Managers’ Index(PMI) came in at 53.2 in
September, up marginally from 53.1 in August, but down slightly from the “flash”
figure of 53.5. Still, the September reading pointed to the strongest growth in
factory activity since January 2019.
According to
the report, overall growth was underpinned by a faster expansion in production
and a solid increase in new orders. As a result, firms continued to broaden their
workforce numbers, as hiring rose following further upward pressure on
capacity. Meanwhile, cost burdens grew sharply once again, with selling prices
increasing at the fastest rate since January 2019.
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