US manufacturing steady in September
The U.S. manufacturing sector maintained its growth in September despite a slight decline in the activity index, with input prices rising to their highest levels, heightening concerns about ongoing inflation. The manufacturing Purchasing Managers' Index (PMI) recorded 54.5 points, compared to 54.6 in August, supported by continued strong demand and accumulated new orders. Meanwhile, the input price index increased to 77.9, reflecting accelerated inflationary pressures. Despite an increase in employment within the sector, markets are increasingly expecting a potential rise in interest rates by the Federal Reserve due to persistent inflation, amid fears of the impact of the war and supply chain disruptions on the U.S. economy.
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