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U.S. Life Science Tools Diagnostics
Barclays Tools Industrial Tracker –
INDUSTRY UPDATE
Equity Research
1 October 2018
September 2018: PMIs Moderate Though Remain Expansionary
Geographic PMIs largely moderated in September, though remain in expansionary territory. Notably, the U.S. ISM manufacturing PMI declined 1.5 m/m to 59.8. Other major geographies remained expansionary, with improvement in the U.K. but moderations in others (Europe and China). Metrics remain well into expansionary territory – which we believe provides good visibility for the next 1-2 quarters into the Industrial
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