A notable divergence has emerged between two key economic sentiment indicators: the ISM manufacturing survey and IHS-Markit PMI, which sent opposite signals of manufacturing activity in September, prompting some - such as Bank of America - to wonder which one is a more accurate indicator of the economy's current state. As BofA's Michelle Meyer writes in a Friday report, "both have pros and cons and in the end we find that the most prudent course of action is to monitor both along with a range of other manufacturing indicators." That said, on balance "the data show a weakening manufacturing sector but not a collapse ... (full story)