Markit Manufacturing PMI Rises Slightly in September
U.S. Manufacturing Purchasing Managers' Index rose slightly to 53.1 in September from 53.0 in August, which marked the lowest level since October 2013. The September level was also up from a preliminary reading of 53.0.
10/1/2015 3:27:42 PM
Both output and new business volumes continued to expand at slower rates than those seen earlier in 2015, which contributed to a marked slowdown in job creation during the latest survey period. A renewed fall in input prices provided support to operating margins in September. That said, factory gate charges were unchanged over the month, which ended a three-year period of sustained output price inflation, Markit said.
The employment subindex fell to 50.8 in September from 52.4 in August, the lowest level since June 2013. Output rose to 54.5 after hitting 53.8 in August, its lowest level since January 2014.