US manufacturing growth slows to lowest since 2020: survey

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AFP

Washington (AFP) – US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well as easing price pressures, according to an industry survey released Monday. The Institute for Supply Management said its manufacturing index dropped 1.9 points to 50.9 percent, well below expectations and just barely above the 50-percent threshold indicating expansion. It was the weakest result since May 2020, ISM said. “The US manufacturing sector continues to expand, but at the lowest rate since the pandemic recovery began,” ISM manufacturing survey chai…

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