US Manufacturing Slows Down in September

The pace of growth in the U.S. manufacturing sector slowed in September while remaining at its lowest level since May 2013, according to an industry report released on Thursday.

The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.2 from 51.1 the month before. The reading was shy of the expected 50.6, according to a Reuters poll of economists.

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The new orders subindex fell to 50.1 from 51.7 to mark the lowest level since Nov. 2012. The prices paid index fell to 38.0 from 39.0 to mark the weakest level since February, disappointing expectations for 39.3.

The employment index slipped to 50.5 from 51.2 to remain at its lowest level since April, while the imports index slipped to 50.5 from 51.5 to remain at its lowest level since Jan. 2013.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza