The Institute for Supply Management (ISM) just released their PMI Index indicating that U.S. manufacturing expanded in September, although at a marginally slower rate than last month. The PMI registered 55.4, down -0.6 points from 56.0 in August (a reading above 50.0 indicates growth). Of the 18 manufacturing sectors tracked by ISM, 14 showed growth in September. According to ISM “Among the six biggest manufacturing industries, Food, Beverage & Tobacco Products remains the best-performing sector, with Fabricated Metal Products and Chemical Products growing strongly.” See the full report here.
