The report’s key metrics, the PMI, was 50.9 (a reading of 50 or higher indicates growth), following back-to-back readings of 52.8 in July and August, growing, at a slower rate, for the 28th consecutive month, in line with overall economic growth also for the 28th consecutive month. This is the lowest PMI reading May 2020, when it came in at 43.5.
Source: logistics Mgmt
September manufacturing output slips but still remains on growth track
More from News,More posts in News, »
- Ongoing demand weakness again impacts FedEx earnings
- Commerce, NRF data shows mixed sequential readings and annual gains
- National diesel average is down, for week of March 13, reports EIA
- Korn Ferry survey highlights impact of Covid on supply chain staff culture
- Truckers waiting out slow first half of year in hopes of solid demand later
Be First to Comment