ISM Survey Shows Slowing Growth, Rising Input Costs, to Close Out Third Quarter

Core Insights - The U.S. growth has significantly slowed down, raising concerns about the economy's health as it approaches the final quarter of the year [1] - The Institute for Supply Management's services index dropped to a reading of 50 in September, marking the first time it has reached this threshold since 2010, indicating a potential shift from growth to contraction [1] - The ISM's business activity index fell to 49.9, representing the first contraction since May 2020, further highlighting the weakening economic conditions [1]