Group 1: Manufacturing and Services PMI Data - The initial reading of the Markit Manufacturing PMI for September is 52, indicating expansion for the second consecutive month, with a previous value of 53 in August and a year-on-year figure of 47.3 [2] - The initial reading of the Markit Services PMI for September is 53.9, the lowest since June 2025, down from 54.5 in August and 55.2 a year ago [2] - The initial reading of the Composite PMI for September is 53.6, also the lowest since June 2025, with a decline from 54.6 in August [2] Group 2: Employment and Pricing Indices - The employment index in the manufacturing sector decreased from 53.1 in August to 52.6 in September [2] - The employment index in the services sector fell to 51.6, the lowest since April 2025, down from 52 in August [2] - The price index in the services sector decreased, marking the lowest level since April 2025 [2] Group 3: Future Outlook and Economic Growth - Businesses' expectations for output over the next year rose to a four-month high, although still below the long-term average for both manufacturing and services [2] - The third quarter of 2023 is projected to show a year-on-year economic growth rate of 2.2% for the U.S. economy [2] - Business confidence improved in September, partly due to expectations of lower interest rates having a positive impact [5] Group 4: Inventory and Inflation Concerns - There are signs of disappointing sales growth in manufacturing leading to unprecedented inventory accumulation, which may help ease inflation in the coming months [5] - Despite the inventory buildup, there are concerns about potential downward risks to future production [5] - Consumer inflation is expected to remain above the central bank's 2% target in the coming months [5]