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Markit Economics released its final manufacturing purchasing managers' index (PMI) for the U.S. on Thursday. The U.S. final manufacturing purchasing managers' index (PMI) increased to 53.1 in September from 53.0 in August, up from the previous estimate of 53.0.
A reading above 50 indicates expansion in economic activity.
Both output and new business volumes rose at slower rates in September, while job creation eased.
"The US manufacturing sector has seen a distinct loss of growth momentum in recent months, endured the worst performance for two years during the third quarter. Headwinds include the rising dollar, weak demand in global markets, a downturn in business investment and financial market jitters," Markit's Chief Economist Chris Williamson said.
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