- Prior 59.5
- Employment 53.9 vs 52.9 prior
- Composite flash 58.8 vs 59.7 prior
- Employment 54.4 vs 53.2 prior
A slight slip but still well into expansion and the employment numbers continue to improve.
“The US economy is enjoying its strongest spell of growth since the financial crisis, according to the PMI surveys. Although the pace of expansion slowed to a four-month low in services in September, the rate remained buoyant and accompanies a similar boom
seen in manufacturing. Taken together, the two PMI surveys have posted the highest quarterly average seen since data were first collected in 2009 in the three months to September. The economy therefore looks set to have expanded at an annualised pace of around 3.5% in the third quarter (a 0.8% increase in GDP on the second quarter). Growth also looks set to remain strong, with inflows of new orders across the two sectors rising in
September at the fastest rate since June.” SAid Chris Williamson at Markit