September 2018 US ISM manufacturing PMI data 1 October 2018

  • Prior 61.3
  • Prices paid 66.9 vs 71.0 exp
  • New orders 61.8 vs 65.1 prior
  • Employment 58.8 vs 58.1 exp. Prior 58.5

Softer too in this manufacturing data point.

Tariff price pressure is seen among the comments and even with the prospect of a new NAFTA deal, it’s going to be a while before that pressure is relieved, especially in metals.

 

Ryan Littlestone

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