Chicago factory PMI posts sharp jump in September
Boeing Co.
$140.19
11:09 15/11/24
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$2.05
Manufacturing sector activity in the Chicago area rocketed in September, a closely watched survey showed.
Dow Jones I.A.
43,444.99
04:30 15/10/20
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Market News International's factory sector Purchasing Managers' Index improved from a reading of 51.2 for August to 62.4 for September.
Consensus had been for a print of 52.0.
Over the third quarter as a whole, the PMI averaged 55.2 - the strongest reading since the first quarter of 2019.
A sub-index tracking output levels was especially strong, jumping by 16 points in September to hit a two-year high and was 29.2 points higher over the latest three-month stretch.
Order backlogs meanwhile were at their loftiest level since the first quarter of 2019.
Employment also improved, although firms continued to report additional layoffs.