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US Manufacturing PMI above 50 level

Monday, Oct 03 2016

The September PMI registered 51.5 percent, an increase of 2.1 percentage points from the August reading of 49.4 percent. The New Orders Index registered 55.1 percent, an increase of 6 percentage points from the August reading of 49.1 percent. The Production Index registered 52.8 percent, 3.2 percentage points higher than the August reading of 49.6 percent.

The Employment Index registered 49.7 percent, an increase of 1.4 percentage points from the August reading of 48.3 percent. Manufacturing expanded in September following one month of contraction in August, with nine of the 18 industries reporting an increase in new orders in September (up from six in August), and 10 of the 18 industries reporting an increase in production in September (up from eight in August).

 

Euro is currently being traded around 1.1220 area, Sterling is at 1.2860 level, while Aussie is above 0.7670 handle.

 

More in this category: « UK Manufacturing PMI at the highest level since 2014 Australian Building Approvals decreased less than expected »

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