The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) registered 53.1 in September, up slightly on the flash reading of 53.0 and rising from 52.8 in August. The upturn signaled a slight pick-up in growth momentum and a strong improvement in overall operating conditions across the sector.
September survey data signaled a further improvement in operating conditions across the U.S. manufacturing sector. The overall upturn was supported by further growth in output and new orders. Strong client demand was a key factor behind the fastest rise in staffing levels so far this year. Business confidence also remained strong, despite slipping since August. On the price front, cost pressures intensified, with input prices increasing at the quickest pace since December 2012. Output charges meanwhile rose at the steepest rate for five months.