US manufacturing steady in September with a PMI of 47.2; prices paid measure lowest in nine months
- Posted on October 1, 2024
- By Business News Today
- 1 Views
US manufacturing steady in September with a PMI of 47.2; prices paid measure lowest in nine months
U.S. manufacturing activity remained weak in September with a PMI of 47.2, indicating contraction for the sixth straight month. However, new orders rose, and input prices hit a nine-month low. The Federal Reserve's rate cuts are anticipated to boost activity, despite challenges like a port strike.
