Welcome!

Friday, October 1, 2021

PMI Manufacturing drops to five-month low on hampered production

  • September PMI Manufacturing Index: 60.7, vs. 60.5 consensus, 61.1 prior.
  • "The US manufacturing sector continues to run hot, with demand once again racing well ahead of production capacity as firms report widespread issues with supply chains and the availability of labor," , Chief Business Economist Chris Williamson commented.
  • The rise in production was strong, but eased to the slowest since March amid challenges related to material and labour shortages.
  • Meanwhile, input costs increased at the second-fastest rate since data collection began in May 2007, easing only slightly from August's high.

No comments:

Post a Comment

Legal Shield

Pre-Paid Legal