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

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