US Manufacturing Expansion Continues as Prices Jump
US manufacturing activity continued to expand for the ninth consecutive month in September, though the pace slowed slightly. Prices rose as the sector maintained its longest growth streak since 2022.
US manufacturing activity expanded at a slightly slower pace in September as the Institute for Supply Management’s manufacturing gauge fell 0.1 point to 54.5, according to data released Thursday. Factory activity has been in expansionary territory for nine consecutive months, the longest stretch since 2022. Michael McKee has the details on Bloomberg Television. (Source: Bloomberg)
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