U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted

by

by BoatSurfer600

  • Manufacturing PMI falls 1.9 points to 50.9 in September
  • New orders, employment measures contract
  • Price pressures at factories, supply bottlenecks easing
  • Construction spending falls 0.7% in August

WASHINGTON, Oct 3 (Reuters) – U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation.

Source: https://www.reuters.com/markets/us/us-manufacturing-activity-slowest-almost-2-12-years-september-ism-2022-10-03/