By Jill Mislinski
The September US Manufacturing Purchasing Managers' Index conducted by Markit came in at 51.1, down 0.8 from the 50.3 final August figure. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit in their latest press release:
"News of the PMI hitting a five-month high brings a sigh of relief, but manufacturing is not out of the woods yet. The September improvement fails to prevent US goods producers from