US Manufacturing Economy Weakest In 2 Years As New Orders, Prices, Jobs Slow

Wednesday, September 23, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
09/23/2015

On the heels of dismal China manufacturing data (worst PMI since March 2009) and mixed-to-weaker European data, US Manufacturing PMI printed a September preliminary 53.0 (flat from 53.0 in August and modestly better than expectations of 52.8). This is the equal lowest print since Oct 2013. Underlying components are mixed (factory prices dropped for first time in 3 years and new orders and employment slowed), but, confirming what Yellen told us last week (that the US economys is to fragile to handle a 25bps rate hike), Markit notes, “the sluggish growth, weaker forward-looking indicators and downturn in price pressures all point to the Fed holding off with rate hikes until next year.”

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