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