The Institute for Supply Management (ISM) reported a modest gain in its Manufacturing New Orders Index for the United States in September 2024. The index improved from 44.6 in August to 46.1 last month, as announced on October 1, 2024.
This increase shows cautious optimism in the manufacturing sector, indicating that new orders are picking up after a period of decline. While the index remains below the expansion threshold of 50, the rise from 44.6 to 46.1 could signal a potential shift towards recovery.
Economists and market analysts will be closely monitoring this trend to assess if it will continue in the coming months. The climb in the New Orders Index is seen as a positive development for manufacturing industries, suggesting that demand for manufactured goods is gradually rebounding.
