US Manufacturing Prices Paid Index Surges 10% Raising Inflation Concerns

Key Facts

The ISM Manufacturing Prices Paid Index rose from 71.1 to 77.9 in September, a one-month gain of nearly 10%. 247wallst.com reported that this surge represents the highest reading since May, as factory purchasing managers reported paying significantly higher prices for raw materials.

This price pressure coincides with the headline Purchasing Managers’ Index (PMI) reaching 54.5, marking its ninth consecutive month of expansion. According to ISM data, the backlog of unfilled orders jumped 4.6 points to 56.4, while new orders rose to 55.3, indicating sustained demand within the industrial sector.