US manufacturing data: Sector contracts for 7th month in a row; ISM index shows slight improvement

US manufacturing contracted for the seventh straight month in September, though the decline eased slightly due to production growth. However, new orders and inventories fell, making overall improvement negligible. Businesses expressed a gloomy outlook, citing tariffs as a significant burden on costs and sentiment.

US manufacturing data: Sector contracts for 7th month in a row; ISM index shows slight improvement
US manufacturing contracted for the seventh straight month in September, though the decline eased slightly due to production growth. However, new orders and inventories fell, making overall improvement negligible. Businesses expressed a gloomy outlook, citing tariffs as a significant burden on costs and sentiment.