U.S. Manufacturing Activity Contracts for Seventh Month, but Shows Signs of Slower Decline

U.S. manufacturing activity has contracted for the seventh consecutive month, although the pace of decline has slowed. The Institute for Supply Management reports a slight increase in the manufacturing index to 49.1 in September, indicating some moderate improvement in production despite ongoing challenges with new orders and inventories. This trend raises concerns about broader economic uncertainties and potential impacts on job growth and investment.