Economics
Manufacturing Probably Cooled This Month: U.S. Economy Preview
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Manufacturing probably cooled in September and consumer spending stabilized last month, underscoring the Federal Reserve’s forecast of “modest” U.S. growth in coming months, economists said before reports this week.
The Institute for Supply Management’s factory index fell to 54.5 from 56.3 in August, according to the median of 63 forecasts in a Bloomberg survey ahead of the Oct. 1 report. Household purchases rose 0.4 percent last month, the same as in July, Commerce Department figures may show.