US Manufacturing “Slowed To A Crawl” In September As New Orders Hit 9-Month Lows
by Tyler Durden
ZeroHedge.com
Oct 3, 2016
Despite the weakest new orders in 9 months, Markit US Manufacturing PMI managed a slightly better than expected 51.5 final print for September (still 3mo lows). Ironically, ISM data bounced perfectly to 51.5 also, after tumbling to 49.4 in August. New orders bounced in ISM data as did production, the opposite of PMI data, but as Market concluded, “Manufacturing growth slowed to a crawl in September, suggesting the economy is stuck in a soft-patch.”
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