US: September PMI signals further improvement in manufacturing conditions - Markit

"September survey data signalled a further improvement in operating conditions across the US manufacturing sector," said the IHS Markit on Monday.

Key highlights:

• The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index (PMI) registered 53.1 in September, up slightly on the flash reading of 53.0 and rising from 52.8 in August. 
• The upturn signalled a slight pick up in growth momentum and a strong improvement in overall operating conditions across the sector.
• Production growth continued to expand at the end of the third quarter.
• New orders received continued to increase in September. 
• Inflationary pressures intensified as input price inflation accelerated sharply.
• Employment expanded at quickest rate for nine months