USA: composite PMI estimated down slightly in September

(CercleFinance.com) - Growth in the US private sector slowed very slightly in September, according to S&P Global's composite PMI, which came in at 54.
4 in flash estimates, after 54.6 in final data for the previous month.

For the record, the 50-point threshold separates expansion and contraction in a sector's activity: the higher the PMI above this threshold, the faster the pace of expansion.

Growth in US private sector activity in September was underpinned by sustained, albeit slightly decelerating, growth in services, while the decline in manufacturing output slowed.

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