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U.S. Composite PMI Rises to 49.3 in September - S&P Global
By Scott Kanowsky
Investing.com -- U.S. private sector activity fell at a softer pace in September, according to a monthly survey of businesses, as contractions in both the manufacturing and service industries eased.
S&P Global's flash composite purchasing managers' index rose to 49.3, touching a three month high and up from a previous level of 44.6 in August. But the reading remained just under the mark of 50, indicating a slight decline in output during the period.
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