Markit's US Manufacturing Survey Posted Strong & Steady Growth For September

Markit's US manufacturing sample posted strong and steady growth in September, at 57.5 which is down only marginally from 57.9 in both the mid-month flash reading and final August reading. Details are not provided to the public but the report describes rates of output and new order growth as strong. Employment is also a standout in the report, posting a 2-1/2 year high. Most inflationary readings in various reports have been muted, but not in this report where both input and output prices are showing their sharpest rise since December 2013. Other details include a rise in new export orders which are at a 3-year high.

The Markit PMI manufacturing index (flash) for September posted strong and steady growth so far at 57.9 versus 57.9 in the final August reading and 58.0 in the August flash.