ISM manufacturing data posts another strong month in September

September marked the third consecutive month of solid manufacturing activity, according to the most recent edition of the Manufacturing Report on Business from the Institute of Supply Management (ISM).

The PMI, the index used by the ISM to measure manufacturing activity, hit 56.2 in September, which was 0.5 percent of August and now represents the highest level for the index in 2013. And it is above the 12-month average of 52.4 by 3.8 percent and has been over 50 in nine of the last ten months.

The report also noted that economic activity in the manufacturing sector expanded in September for the fourth straight month, with the overall economy growing for the 52nd consecutive month.

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