US: Markit Manufacturing PMI improves modestly to 53.2 (final) in September

Share on facebook
Share on twitter
Share on whatsapp
  • Economic activity in the US manufacturing sector continued to expand in September.
  • The US Dollar Index remains flat on the day near 93.80 after the data.


The IHS Markit Manufacturing Purchasing Managers Index (PMI) for the US increased to 53.2 in September from 53.1 in August to show that economic activity in the manufacturing sector continued to expand at a similar rate. This reading, however, was slightly weaker than the preliminary estimate of 53.5.

Further details from the release revealed that the new orders index was down 53.6 from 54.

Commenting on the data, “US manufacturers closed a strong quarter that should see the sector rebound strongly from the sharp downturn in the second quarter,” said Chris Williamson, chief business economist at IHS Markit. “But it wasn’t all good news. The shortage worsened as companies increasingly struggled to obtain enough inputs to meet production requirements.”

Market reaction

The US Dollar Index did not show an immediate reaction to this data and was last flat on the day at 93.81.

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

COMMENTS

Leave a Reply