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US Output returns to growth, but prices also rise at increased rate
US manufacturers reported a further deterioration in overall operating conditions during September, according to the latest PMI™ survey data from S&P Global, albeit only fractional overall. The slower pace of contraction stemmed from a renewed rise in output following greater hiring activity and expanded capacity, alongside only a slight fall in new orders. Although domestic and external demand remained subdued, conditions declined at a much-reduced pace. Expectations for future output also rose, hitting the highest since April 2022 amid hopes of a pick up in demand conditions. Meanwhile, input prices and ... (full story)