"Not a positive indicator." Weak demand persists due to uncertainty surrounding tariffs: PMI

In September, the manufacturing sector faced ongoing challenges, with the Institute for Supply Management’s Purchasing Managers’ Index (PMI) at 49.1%, indicating contraction. Demand remains weak, particularly in new export orders, which dropped to 43%. While production saw a slight increase to 51%, employment statistics revealed significant layoffs. The manufacturing economy contracted by 67%, reflecting broader economic uncertainties, particularly due to a partial government shutdown. Overall, despite some positive indicators, the sector is struggling with tariff-related disruptions and decreasing order growth.