The U.S. manufacturing sector expanded in September for the first time since May as new orders and employment picked up, an industry report showed on Monday.
The Institute for Supply Management said its index of national factory activity rose to 51.5 from 49.6 in August, topping expectations in a Reuters poll for 49.7.
It was the first time since May that the index has been above the 50 threshold that indicates expansion in the sector.
The forward-looking new orders gauge also rose to its highest level since May at 52.3 from 47.1, while employment gained to 54.7 from 51.6.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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