Manufacturing PMI Shifted Back into Expansion

Manufacturing PMI Shifted Back into Expansion

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WASHINGTON—A closely watched gauge of U.S. factory activity rebounded in September, a hopeful sign for manufacturers battered by weak business spending and slow economic growth.

The Institute for Supply Management on Monday said its manufacturing index increased to 51.5 in September from 49.4 in August. A reading above 50 indicates that factory activity is growing, while a reading under 50 signals contraction.

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