Posted October 2, 2020

Manufacturing growth slowed in September

Manufacturing grew in September, as the Institute for Supply Management monthly index registered 55.4 percent, 0.6 percentage point lower than the August reading of 56 percent.

“The PMI signaled a continued rebuilding of economic activity in September, with all subindexes either remaining in moderate to strong growth territory or slowing their rate of contraction," said Timothy R. Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.

Five of the big six industry sectors continue to expand. The New Orders and Production indexes continued at strong expansion levels. The Supplier Deliveries Index continues to reflect supplier difficulties in maintaining delivery rates due to factory labor safety issues and transportation challenges. 

Click for details.