U.S. September ISM Manufacturing PMI 49.1…Slightly Above Market Expectations

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Summary

The U.S. September ISM Manufacturing PMI was 49.1, which slightly exceeded market expectations.
This figure rose slightly from the prior month’s 48.7 but still recorded below 50.
A PMI below 50 indicates contraction in the manufacturing sector.

The U.S. September ISM Manufacturing Purchasing Managers' Index (PMI) slightly exceeded expectations.

According to the manufacturing PMI report released by the U.S. Institute for Supply Management (ISM) on the 1st (local time), the U.S. September manufacturing PMI was 49.1, surpassing both the expected figure (49) and the prior month (48.7).

ISM conducts a monthly survey of 400 companies across 20 industry sectors to calculate the PMI. If this index is above 50, it indicates more respondents expect expansion in the economy; if it is below 50, more respondents expect contraction.