Manufacturing PMI in September slips to three-month low

By Steve Goldstein, MarketWatch

Sep 23, 2016

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Manufacturing activity in September grew at the slowest pace in three months as purchasing managers blamed limp new orders and the strong dollar, according to data released Friday.

The Markit flash U.S. manufacturing purchasing managers index fell to 51.4 in September from 52, marking the lowest level since June. Any reading above 50 indicates improving conditions — what’s been the case for the last seven years.

That said, Markit said the PMI reading was close to the post-crisis low of 50.7, reached in May.

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