PiCK
US September manufacturing PMI 52.0…in line with market expectations
Son Min
Summary
- Reported that the US September manufacturing PMI was 52.0, in line with market expectations.
- PMI was reported to have exceeded 50, signaling economic expansion.
- This indicator reportedly provided investors with confidence in the US economy's expansion.
The US September manufacturing Purchasing Managers' Index (PMI) matched expectations.
On the 1st (local time), the manufacturing Purchasing Managers' Index announced by S&P Global was 52.0, matching Wall Street's expected 52.0.
The Purchasing Managers' Index (PMI) uses 50 as the baseline to gauge expansion or contraction in business conditions. A PMI above 50 indicates economic expansion, while a PMI below 50 indicates economic contraction.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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