US manufacturing PMI steady at 54.5% but prices paid surge
The ISM Manufacturing PMI edged down slightly to 54.5 in September from 54.6, with new orders rising; however, the prices paid index jumped to 77.9 from 71.1, signaling sustained input cost pressures amid strong demand. Factory employment also improved.
Original · Reuters AI summary of public reporting
Why: Manufacturing PMI steady with rising new orders
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