US manufacturing outlook beats expectations in September

ew figures showing that US manufacturing sector is performing better than expected in September.

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The ISM manufacturing purchasing managers' index (PMI) is in higher, at 56.2 from 55.7. Analysts had expected a drop to 55.

Subcomponents also better. Prices paid rise to 56.5 from 54 (55 expected) and jobs at 55.4 from 53.3.

That conflicts with the Markit PMI out earlier - which showed the US manufacturing sector sinking to three month lows.