Arab Today, arab today ism us manufacturing activity stagnates in september
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

ISM: US manufacturing activity stagnates in September

Arab Today, arab today

Arab Today, arab today ISM: US manufacturing activity stagnates in September

The Institute for Supply Management said its purchasing managers index for the manufacturing sector fell to 50.2
Washington - AFP

US manufacturing activity slowed for the third straight month in September to a near-stall, with companies expressing concern about China's slowdown and the global economy, a private firm reported Thursday.

The Institute for Supply Management said its purchasing managers index for the manufacturing sector fell to 50.2 in September, the lowest level of this year to date, from 51.1 in August.

A PMI reading below 50 indicates contraction.

Of the 18 manufacturing industries surveyed last month, only seven reported growth, led by printing and textile mills, while the other 11 reported contraction.

The sharpest drops were in the backlog of orders, down 5.0 percent, followed by production and new orders. Exports activity continued to contract at the same pace, while imports fell more than in August.

Survey respondents expressed worries about the slowing Chinese economy and its effect on US consumer confidence, as well as the impact from low crude oil and natural gas prices.

"Overall, business is slowing. Consumers are nervous. Not sure what is coming next," said one respondent in the transportation equipment industry.

Barclays analyst Jesse Hurwitz noted the PMI was now down to a two-year low.

"We view the September ISM data as consistent with the regional surveys already reported that show a stagnant US manufacturing sector," he said.

"Lower energy prices, a strong dollar, and weak international demand are likely to prevent a strong rebound for the sector in the near term."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ism us manufacturing activity stagnates in september Arab Today, arab today ism us manufacturing activity stagnates in september

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ism us manufacturing activity stagnates in september Arab Today, arab today ism us manufacturing activity stagnates in september

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday