US Manufacturing PMI Rises to 55.9 in September, Misses Forecasts

S&P Global's US manufacturing PMI rose to 55.9 in September from 53.9 in August, marking the highest level in recent months but missing the 57.0 consensus and the 56.7 preliminary reading. The miss suggests the manufacturing recovery is solid but slightly softer than initially estimated, which may temper expectations for a stronger growth impulse in Q3.