US Markit manufacturing PMI final September 2017 53.1 vs 53.0 exp

September 2017 US Markit manufacturing PMI final 02 October 2017

Flash 53.0. Aug 52.8
Employment 54.3 vs 54.3 flash. Aug 53.1 (Highest since Dec 2016)
Output 52.4 vs 52.4 flash. Aug 52.4
Input prices increase at fastest pace since December 2012

On prices, Markit notes;

Inflationary pressures intensified as input price inflation accelerated sharply. Moreover, the rate of increase was the fastest since December 2012. Panellists commented that raw material prices -notably for metals-were driven up after the recent hurricanes. Severe weather conditions also contributed to a further deterioration in vendor performance,with lead-times lengthening to the greatest extent since February 2015.Firms generally passed on greater cost burdens to clients through higher charges. Although the rate of output price inflation reached a five-month high, it was moderate overall.

It’s all about the inflation folks and that’s going to be closely watched in the much bigger ISM due up shortly.