US Manufacturing PMI Stays Steady

The US Manufacturing Purchasing Managers’ Index (PMI) remained unchanged at 49.9 in September, aligning with analysts’ expectations. A PMI below 50 signals contraction, indicating ongoing challenges in the manufacturing sector despite stable readings.

Economic Insights from CNBC

Rick Santelli of CNBC provided insights on the latest economic data, emphasizing the importance of the PMI in assessing economic health. The stability of the index highlights persistent issues within the manufacturing industry, affecting overall economic growth.