U.S. Manufacturing PMI Remains Below 50, Signaling Ongoing Weakness and Uncertainty

The U.S. ISM Manufacturing PMI, a crucial indicator of industrial activity, has remained below the neutral 50-point threshold for the seventh consecutive month, pointing to continued contraction in the manufacturing sector. This sustained trend indicates ongoing challenges for the industry, particularly amidst tariffs and trade uncertainty. While September saw a modest uptick, input prices rose despite exports and imports contracting, suggesting uneven performance across various subsectors.