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    October 3, 2023

    ISM: US Manufacturing Improved in September, But Still Contracting

    Written by David Schollaert

    US manufacturing activity improved in September, nearing a recovery, but remained in contraction territory, according to the Institute for Supply Management (ISM).

    The ISM’s September manufacturing PMI rose to 49, the highest reading since November 2022, but was still below the neutral 50.0 mark — the level that typically divides expansion from contraction. The result was an advance from a reading of 47.6 in August.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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