US private sector output falls at softer pace as new orders return to growth in September

From pmi.spglobal.com

US private sector firms registered a softer fall in output during September, according to latest ‘flash’ PMI™ data from S&P Global. Contractions in activity across the manufacturing and service sectors eased. The overall decrease was only marginal and signalled a notably slower rate of decline compared to that seen in August. The headline Flash US PMI Composite Output Index registered 49.3 in September, up from 44.6 in August, to signal a softer and only marginal decline in private sector business activity. The decrease was also the slowest in the current three-month sequence of contraction. Although ... (full story)