September manufacturing data from Markit:

September manufacturing data from Markit:
  • Best reading since April
  • Preliminary reading was 51.0
  • Prior was 50.3
  • New orders 51.5 vs 51.3 flash
  • Prior new orders 50.5
  • Output 51.8 vs 51.7 flash

There is some life in manufacturing but the index is still barely in expansionary territory. The ISM number is due at the top of the hour and the consensus is 50.0.