Manufacturing activity in the U.S. continued to contract in the month of September, the Institute for Supply Management revealed in a report released on Tuesday.
The ISM said its manufacturing PMI came in at 47.2 in September, unchanged from August, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.5.
Manufacturing activity contracted for the sixth consecutive month and the 22nd time in the last 23 months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.