In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, came in at 61.1 (a reading of 50 or higher indicates growth), increasing 1.2% from August’s 59.9 reading. This represented the 16th consecutive month of growth, at a faster rate, coupled with September also representing the 16th consecutive month of growth for the overall economy. The September PMI is 0.7% above the PMI’s 12-month average, at 60.4, with March’s 64.7 being the high point and November 2020’s 57.7 being the low point.
Source: logistics Mgmt
September manufacturing output remains on a growth track, reports ISM
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