10/06/2026
U.S. manufacturing expanded for the ninth consecutive month in September, according to the latest ISM Manufacturing PMI.
The September PMI came in at 54.5%, remaining above the 50% mark that indicates expansion.
Several key indexes also moved higher compared to August:
◾New orders increased month-over-month
◾Employment strengthened
◾Backlog of orders rose 4.6 percentage points
◾Prices increased 6.8 percentage points
Production declined 1.6 percentage points but remained in expansion territory.
Manufacturers also continued to report challenges around pricing, tariffs, lead times, labor availability and material supply.
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The indexes for new orders, employment and prices each rose compared to August.