Manufacturing activity expanded for a second consecutive month in September although firms struggled to sustain demand, with the price of goods barely increasing, a business survey showed on Tuesday. The Nikkei/Markit Manufacturing Purchasing Managers' Index, compiled by IHS Markit, held steady at August's 51.2 last month, its second month above the 50 mark that separates growth from contraction. Analysts polled by Reuters had forecast the index at 51.9. "Output and new business growth remained weak in the context of historical survey data. The lingering ...
Manufacturing PMI unchanged at 51.2 in September as demand stays wobbly
The new orders sub-index, a proxy for domestic demand, fell to a three-month low of 51.0 in September