Here is a quick overview of the September ISM Manufacturing PMI results. The main index dipped to 54.5, which came in under the estimated 55.0 and slightly below the previous reading of 54.6. Despite this overall drop, several underlying components actually showed improvement compared to their past figures. The new orders metric rose to 55.3 from a previous 53.7. Meanwhile, the prices paid index climbed to 77.9, up from the prior 71.1. Rounding out the report, the employment category also saw an increase, reaching 52.7 compared to the earlier 51.2.

