The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in September was 50.3, up 1.8 points from August with the third quarter total at 49.1. Manufacturers reported employment growth and increased delivery times while experiencing a continued reduction in sales and new business.
The PMI index is composed of five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading above 50 indicates growth. See S&P Global