The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in September was 52, increasing 0.5 points from August. Manufacturers reported increased client demand driving new orders.
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. IHS Markit and S&P Global merged earlier this year. See S&P Global