US manufacturing index hits 13-year high

US manufacturing sentiment hit a 13-year high and remained above the 50% threshold for a 13th consecutive month in September, indicating growth in the manufacturing economy, according to the Institute for Supply Management’s (ISM’s) purchasing managers’ index (PMI).

The PMI hit 60.8% last month, based on survey responses compiled by the Tempe, Arizona-based group. That figure is the highest reading since May 2004 and marks a 2-percentage-point increase...


Millicent Dent

October 03, 2017

08:09 GMT