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ISM Sep Manufacturing PMI Lower At 55.4 vs Aug 56.0

US DATA
MNI (London)

US ISM NEW ORDERS INDEX 60.2 SEP VS 67.6 AUG

US ISM EMPLOYMENT INDEX 49.6 SEP VS 46.4 AUG

US ISM PRODUCTION INDEX 61.0 SEP VS 63.3 AUG

US ISM SUPPLIER DELIVERY INDEX 59.0 SEP VS 58.2 AUG

US ISM INVENTORIES INDEX 47.1 SEP VS 44.4 AUG

The ISM Mfg PMI eased in Sep by 0.6pt to 55.4 after four consecutive months of growth. Sep's downtick was driven by a sharp drop in New Orders, falling by 7.4pt and by Production which declined 2.3pt. Among the main five categories, Employment (49.6) saw the largest increase, followed by Inventories (47.1) and Supplier Deliveries (59.0). The Employment indicator has sat below the 50-mark since Jul 2019, despite Sep's uptick. Overall, Prices saw the largest uptick in Sep, up 3.3pt to 62.8, while Exports grew 1pt to 54.3 and Order Backlogs rose 0.6pt to 55.2. On the other hand, imports dropped 1.6pt to 54.0 and customer's inventory cooled 0.2pt to 37.9.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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