ISM PMI “at lowest rate since recovery began” in September

03 October 2022

 

Summary: ISM PMI down to 50.9% in September, below expectations; US manufacturing still expanding, at lowest rate since recovery began; “companies adjusting to potential future lower demand”; ISM recession indicator at lowest since height of pandemic; ISM: reading corresponds to 0.8% annualised growth rate. The Institute of Supply Management (ISM) manufacturing Purchasing Managers Index (PMI) reached a cyclical peak in September 2017. It then started a downtrend which ended in...

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