The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for September was 52.0, down one point from August. Manufacturers reported slower output due to reduced demand.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global