Manufacturing PMI jumps to 7-month high of 55.1 in September on strong demand, hiring
The Manufacturing Purchasing Managers' Index (PMI) rose to 55.1 in September, up from 52.8 in August, indicating the strongest sector improvement in seven months. Driven by increased demand for electronics, food, and textiles, the uptick also led to job creation at its fastest pace since May. Looking ahead, manufacturers are optimistic about continued growth and increased production.