The U.S. factory sector continued to expand in September, but at a slower pace, as the Institute for Supply Management manufacturing index dipped to 54.4 from 56.3 in August.
Readings above 50 indicate an expansion — under 50, a contraction. A Bloomberg survey had expected the manufacturing index to dip slightly less, to 54.5 in September. The index was at 55.5 in July, and 56.2 in June.
Despite…
Continue reading Factory Index Dipped in September, but Still Indicates Expansion
Factory Index Dipped in September, but Still Indicates Expansion originally appeared on DailyFinance on Fri, 01 Oct 2010 11:15:00.
Filed Under: Economy