Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.
Already have an account? log in
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
