Markit PMI reading rounds off strongest quarter since crisis
Labour market in upswing; 3% GDP growth seen in Q3
[NEW YORK] America's manufacturing industry expanded in September, though a tad slower than during August, while employment in the sector grew at its best pace since March 2012, an industry report showed on Wednesday.
Financial data firm Markit said its final US Manufacturing Purchasing Managers Index (PMI) turned down to 57.5 last month from 57.9 during August. The preliminary read for the index was 57.9.
A reading above 50 signals expansion in economic activity.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
Dubai’s financial centre expects ‘busiest year’ as firms rush in
Israel strikes Gaza city of Rafah after evacuation order
Britain's King Charles III marks first anniversary of coronation
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader