US Manufacturing Activity Contracts for a Sixth Straight Month
- ISM’s factory index was unchanged in September at 47.2
- Orders, output shrink; prices-paid index lowest this year
This article is for subscribers only.
US manufacturing activity shrank in September for a sixth month, reflecting weak orders and declining employment.
The Institute for Supply Management’s factory gauge held at 47.2, data out Tuesday showed, extending a period of persistent softness. A reading below 50 indicates contraction.