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

The most-important driver of U.S. growth skidded to a halt last month, raising yet more questions over the health of the world's biggest economy heading into the final quarter of the year. The Institute for Supply Management's services index fell to a reading of 50 in September, bang in-line with the threshold that separates growth from contraction for the first time since 2010. The ISM's business activity index, meanwhile, sipped to 49.9, the first contraction reading since May of 2020. ...