US Manufacturing PMI Jumps to 55.9 in September, Highest in Over 3 Years

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Summary · why it matters

S&P Global reported that the US Manufacturing Purchasing Managers' Index, or PMI, rose to 55.9 in September, its highest level since May 2022, up from 53.9 in August. The index remains above the 50 mark, indicating expansion in the US manufacturing sector, marking 14 consecutive months of growth, with the index supported by increases in employment and new orders.

Impact on assets 1

Cloud & Digital Infrastructure▲ · 1 stocks
S&P Global Inc
SPGI
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S&P Global is the compiler of the PMI data reported, not a company affected by the manufacturing expansion.

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