U.S. Manufacturing Is On An Upswing: ISM at 60.8 in September
The ISM manufacturing index was stronger than forecasts, rising to 60.8 in September from 58.8 in August. Much of the gain is presumably linked to the after effects of the hurricanes as a 7.3-point rise in delivery delays accounted for three-quarters of the increase in the overall activity index. Nonetheless, manufacturing growth is strong, order growth picked up and is running ahead of the overall index and employment growth firmed.
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