Manufacturing activity remains in growth mode as sector’s dynamics start to shift, reports ISM

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The report’s key metric, the PMI, was 50.2 (a reading of 50 or higher indicates growth), following September’s 50.9 and back-to-back readings of 52.8 in July and August, growing, at a slower rate, for the 29th consecutive month, coupled with the overall economy also growing for the 29th consecutive month. This represents the lowest PMI reading, going back to May 2020’s 43.5.

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