The last of the manufacturing PMI's ahead of tomorrow's ISM
Rounding out the regional manufacturing surveys ahead of tomorrow’s ISM manufacturing report was from the Dallas Fed and the Chicago MNI and both reflect continued contraction. The September Chicago PMI was little changed at 46.6 vs 46.1 in August. It was above 50 in just one month since August 2022. The Dallas manufacturing index for September was -9.0 vs -9.7 in the month before. The last time this index had a plus sign in front was April 2022. The 6 month business outlook at 11.4 was flattish with the August print of 11.6.
Expectations for tomorrow’s ISM is 47.6 and the regional Fed surveys point to that continued manufacturing weakness.
Here were some of the notable company/industry comments from the Dallas survey and politics was an influence for some:
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