Manufacturing failed to grow in September, according to the latest Institute for Supply Management Manufacturing Report On Business.
The Purchasing Managers Index indicates a significantly faster rate of decline in manufacturing during September, marking a departure from the 2008 trend toward negligible growth or contraction each month, according to ISM. This is the lowest level for the PMI since October 2001. This month’s report is showing prices rising at a much slower rate, as the Prices Index fell to the lowest level in 21 months. Export orders continued to increase, but at a slower rate than in August.
The six industries reporting growth in September — listed in order — are: Petroleum &Coal Products; Paper Products; Food, Beverage &Tobacco …
Manufacturing Fails to Grow in September
Manufacturing failed to grow in September, according to the latest Institute for Supply Management Manufacturing Report On Business.
The Purchasing Managers Index indicates a significantly faster rate of decline in manufacturing during September, marking a departure from the 2008 trend toward negligible growth or contraction each month, according to ISM. This is the lowest level for the PMI since October 2001. This month’s report is showing prices rising at a much slower rate, as the Prices Index fell to the lowest level in 21 months. Export orders continued to increase, but at a slower rate than in August.
The six industries reporting growth in September — listed in order — are: Petroleum &Coal Products; Paper Products; Food, Beverage &Tobacco …
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