US: Markit Manufacturing PMI edges lower to 60.5 in September vs. 62.5 expected

The economic activity in the US manufacturing sector continued to expand in September, albeit at a slower pace than it did in August, with IHS Markit’s Manufacturing PMI declining to 60.5 (preliminary) from 61.1. This reading came in slightly weaker than the market expectation of 62.5. “New orders were reportedly driven by strong demand conditions,” the publication read. “Manufacturers expanded their workforce numbers at a steeper rate in September. Despite many firms noting challenges finding suitable candidates and retaining current employees, many were able to hire additional workers, often offering greater( Nick Bit: This is called wage push inflation,,,)wages to entice staff.” Nick Note: its subtle on first blush,,, but as you know we are able to look behind the curtain and a contraction is in the works…. And its not the ha ha ha worker shortages. You are seeing  a people inspired event. A lockdpown is a goveremnt  event. A shutdown in the context of the great plague is a people event. The SMART folks are saying well maybe i do need to fly. Ill pass on the restaurants… And you do not go to crowd fests i;instead you read a good book or search the internet……. How do you find stupid or more precisely mass  stupidity. Why that is a antivaccer in a crowdfest…… Deathwish anyone?