US Manufacturing PMI Hits Three-Month Low

U.S. manufacturing PMI missed at 52.8.

Consensus was for 53.1.

August had come in at 53.1.

New order growth hit a five-month low.

Employment expanded, but at a slower rate.

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Output and output prices were the only indicators showing accelerations.

Here’s the chart:

Despite this latest reading, we’ve actually seen mostly green out of the last few day’s global PMI prints.

You’ll also want to stay tuned for ISM manufacturing at 10 am.

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