US Manufacturing Stabilizes With All Eyes On Services

US manufacturing activity contracted for an 11th month in September, the first of this week's top-tier US economic data showed. The good news was that at 49, the headline ISM manufacturing print topped estimates. Consensus was 47.9. The range, from more than five-dozen economists who ventured a guess, was 46.5 to 50. 49 actually counted as the best reading since November. "Companies are still managing outputs appropriately as order softness continues, but the MoM improvement in September is a

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.