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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