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ISM Manufacturing Index Falls to Lowest Level Since May 2013

Wall Street Journal (10/01/15) Jeffrey Sparshott

Manufacturing grew at the slowest pace in more than two years in September, according to the Institute for Supply Management. The ISM’s manufacturing purchasing managers index fell from 51.1 in August to 50.2 in September, marking the lowest level since May 2013. A reading above 50 indicates expansion. Economists polled by the Wall Street Journal had forecast a September PMI of 50.8.

The ISM new orders index fell from 51.7 in August to 50.1 in September. The employment index declined from 51.2 in August to 50.5.