US manufacturing activity continues to fall in September

According to the latest Manufacturing ISM Report On Business, U.S. manufacturing economic activity declined for the sixth consecutive month in September, falling for 22 of the past 23 months, according to Timothy R. Fiore, Chairman of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. The manufacturing PMI stood at 47.2 percent in September, the same as in August. The U.S. economy, following a brief contraction in April 2020, has now posted 53 months of growth.