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.