Rebounding factories slow a bit in September

The recovery is still on, but it’s getting winded. That’s the conclusion of the Institute for Supply Management, which released its monthly manufacturing report today. While ISM’s Purchasing Managers Index “reading of 54.4 percent is still quite positive, the overall picture is less encouraging,” says ISM’s Norbert Ore. “The growth of new orders continued to slow... Production is currently growing at a faster rate than new orders, but it typically lags and would be expected to ...

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