New data ISM Manufacturing Prices (Sep)
10/1/2024
actual 48.3, previous 54
The ISM Manufacturing Prices report for September is an economic indicator that measures the change in prices paid by manufacturers for raw materials and inputs. In this event, the actual value came in at 48.3, which is lower than both the previous value of 54 and the estimated value of 53.3. This indicates a decrease in the prices paid by manufacturers, suggesting potential deflationary pressures in the manufacturing sector. The change percentage of -10.556% highlights a significant decline in prices compared to the previous period. Overall, this event could have a modest impact on the US economy, as lower input prices can sometimes lead to lower consumer prices and increased purchasing power.This is not investment advice. Remember to verify the information provided here.
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