U.S. Manufacturing PMI Slips Less Than Expected in September, Demand Weakens
Tuesday, 1 October 2024, 13:48
U.S. Manufacturing PMI Slips Less Than Expected
The U.S. Manufacturing PMI edged down to 47.3 in September from 47.9 in August, but still surpassing the 47.0 consensus. According to S&P Global, this indicates a moderate concern for the manufacturing sector as demand weakens.
Details of the PMI Report
- Current PMI Value: 47.3
- Previous Value: 47.9
- Consensus Prediction: 47.0
- Economic Outlook: Continued softening in demand
Implications for Economic Performance
The slight drop in U.S. Manufacturing PMI reflects underlying weaknesses in the manufacturing industry. The persistent decline in demand may lead to further economic challenges in the upcoming quarters.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.