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US ISM manufacturing PMI drops to 50.2 in September

FXStreet (Mumbai) - The US Institute of Supply Management’s (ISM) manufacturing index dropped to 50.2 in September from 51.1 seen in August. The pace of orders has declined to its lowest since November 2012.

Key Points

US ISM prices paid index 38.0 sept vs 39.0 aug (nsa)

US ISM new orders index 50.1 sept vs 51.7 aug

US ISM employment index 50.5 sept vs 51.2 aug

US ISM production index 51.8 sept vs 53.6 aug

US ISM supplier delivery index 50.2 sept vs 50.7 aug

US ISM order backlog index 41.5 sept vs 46.5 aug (nsa)

The drop in the employment index is slightly negative sign. The new orders index also dropped largely due to slowing overseas demand and a strong US dollar.

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