US Manufacturing Activity Stays Strong

Kumho synthetic rubber plant factoryWikimedia CommonsYeosu Synthetic Rubber Plant II

Markit’s September US manufacturing PMI came in at 57.5.

Expectations were for the report to come in at 57.9, unchanged from last month.

In a release, Markit said, “September data pointed to another positive month for the US manufacturing sector, with strong rates of output and new orders growth underpinning the fastest expansion of payroll numbers for two-and-a-half years. There were again signs of rising price pressures in the manufacturing sector, with input costs and factory gate changes rising at the sharpest rates since December 2013.”

August’s report was up from 55.8 in July and was the best reading for the index since April 2010.

This chart from Markit shows recent PMIs, which have been strong all year.

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