United States PMI September 2016

United States

United States: U.S. manufacturing sector rebounds in September

October 3, 2016

The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August. The indicator jumped from 49.4 in August to 51.5 in September and also beat market expectations of 50.5. This brought the ISM index just above the 50-threshold that indicates an expansion.

The underlying details were encouraging. New orders rebounded in September from an eight-month low in August and manufacturing output increased sharply in September, following a four-year plunge in the previous month. Employment rose mildly, whereas supply deliveries edged down for a second consecutive month. Inventory levels remained virtually unchanged over the previous month.

FocusEconomics Consensus Forecast panelists expect that industrial production will contract 0.5% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see industrial production rebounding and expanding 2.1%.

Author:, Senior Economist

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United States PMI Chart

USA PMI September 2016

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management.

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