US manufacturing holds steady as input prices rise
US manufacturing activity held steady in September while input prices surged due to strong demand. The ISM manufacturing PMI dipped slightly to 54.5, reflecting ongoing growth supported by AI infrastructure spending.
United States manufacturing activity held near flat in September as surging input costs collided with robust domestic demand. The Institute for Supply Management reported its manufacturing PMI dipped to 54.5 from 54.6 in August. Economists had projected a reading of 55.0.
