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US manufacturing PMI drops to near 23-month low in September

FXStreet (Mumbai) - The final headline seasonally adjusted Markit US Manufacturing Purchasing Managers’ Index (PMI) for September printed at 53.1 from August’s 222-month low of 53.00.

Key Quotes

New business levels increased overall in September, but the weak export sales remained a drag on total new orders across the manufacturing sector.

The sector witnessed another slowdown in employment growth during September. The latest rise in staffing levels was the slowest in the current 27-month period of expansion.

Input prices declined for the first time in five months during September, mainly due to the strong dollar and lower commodity prices on world markets.

United States Markit Manufacturing PMI came in at 53.1, above expectations (51.3) in September

United States Markit Manufacturing PMI came in at 53.1, above expectations (51.3) in September
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United States ISM Manufacturing PMI below forecasts (50.6) in September: Actual (50.2)

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