The Production Index reading of 50.6 percent is a 0.2-percentage point increase compared to August’s figure of 50.4 percent. The New Orders Index returned to contraction territory at 47.1 percent, 4.2 percentage points lower than the 51.3 percent recorded in August. The Manufacturing PMI ® figure is the lowest since May 2020, when it registered 43.5 percent.
This figure indicates expansion in the overall economy for the 28th month in a row after contraction in April and May 2020. “The September Manufacturing PMI ® registered 50.9 percent, 1.9 percentage points lower than the 52.8 percent recorded in August. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management ® (ISM ®) Manufacturing Business Survey Committee: The report was issued today by Timothy R. (Tempe, Arizona) - Economic activity in the manufacturing sector grew in September, with the overall economy achieving a 28th consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM ® Report On Business ®. Prices Increasing at a Slower Rate Exports Contracting Imports Growing Raw Materials Inventories Growing Customers’ Inventories Too Low
Supplier Deliveries Slowing at a Slower Rate Manufacturing PMI ® at 50.9% September 2022 Manufacturing ISM ® Report On Business ® New Orders and Employment Contracting
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