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MNI INTERVIEW: U.S. Mfg Could Be On Path To Contraction - ISM

(MNI) WASHINGTON
(MNI)

U.S. manufacturing grew at the slowest pace in more than two years in September.

U.S. manufacturing could be on a path to a contraction in the first half of 2023 after activity grew at the slowest pace in more than two years in September, Institute for Supply Management chair Timothy Fiore told MNI Monday.

"We definitely have a slowdown here and I wouldn't be surprised if we have contraction," he said. "The data supports that we are in a transition."

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U.S. manufacturing could be on a path to a contraction in the first half of 2023 after activity grew at the slowest pace in more than two years in September, Institute for Supply Management chair Timothy Fiore told MNI Monday.

"We definitely have a slowdown here and I wouldn't be surprised if we have contraction," he said. "The data supports that we are in a transition."

Keep reading...Show less