US: Manufacturing Slows

Recent economic data reveals a complex landscape for the U.S. economy. Manufacturing activity continues to contract, with the September PMI holding steady at 47.2, slightly below expectations. However, the job market shows resilience, as August's job openings unexpectedly jumped to 8.04 million, surpassing forecasts.

Construction spending dipped marginally by 0.1% in August, defying predictions of growth. Manufacturing prices cooled significantly, dropping to 48.3 from 54.0, while employment in the sector fell sharply to 43.9. On a positive note, new orders in manufacturing saw a slight uptick to 46.1.

These figures suggest a delicate balance between economic headwinds and pockets of strength.

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