Rising ISM Manufacturing Index Is A Positive Sign For The U.S. Economy And The Equity Market

The ISM manufacturing index rose more than expected in September: after the unexpected decline in August (from 52.6 to 49.4), it rose to 51.5. Consensus estimate (source: Bloomberg) was for a more limited increase to 50.4. The return of the index above 50 is positive sign for the US economic outlook as it indicates that the manufacturing sector is expanding. The ISM institute highlighted that:

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