PMI September 2023: Downward trend in industry slows

From procure.ch

The procure.ch Purchasing Managers’ Index (PMI) is in September for the second month in a row increased. Nevertheless, the industrial PMI is holding steady still below the growth threshold. The Decline in production dynamics has become noticeable slows down and the order backlog does not increase more as widespread as in the previous month. In addition the labor market situation remains robust. The However, there has been some reduction in preliminary product inventories accelerated. • The services PMI is above in September even slightly behind the growth threshold climbed to the top, thanks in particular to one ... (full story)