ISM Index Shows Slight Slowing in U.S. Economic Growth
- ISM index of U.S. business conditions fell slightly to 53.6% in September, indicating some softening in the economy
- Majority of businesses remain positive about conditions, but some expressed concern about potential headwinds
- Production gauge edged up to 58.8%, but new orders index fell to 9-month low of 51.8%
- Employment barometer slid to 53.4%
- Inflation pressures remain with prices-paid index unchanged at 58.9%