September manufacturing output slips but still remains on growth track

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The report’s key metrics, the PMI, was 50.9 (a reading of 50 or higher indicates growth), following back-to-back readings of 52.8 in July and August, growing, at a slower rate, for the 28th consecutive month, in line with overall economic growth also for the 28th consecutive month. This is the lowest PMI reading May 2020, when it came in at 43.5.

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