Market Data
October 1, 2024
ISM: Manufacturing contracts again in September
Written by Brett Linton
US manufacturing activity contracted for the sixth consecutive month in September, according to the latest report from the Institute for Supply Management (ISM). The index has indicated a contracting industrial sector for 22 of the past 23 months.
The ISM Manufacturing PMI, at 47.2% in September, was unchanged from August. A reading above 50% indicates growth in the manufacturing economy, while a reading below 50 indicates contraction. The index has been bleak since December 2022 on a three-month moving average basis.
