U.S. industries state that business perked up slightly in September.
It was because of an increase in new customer orders.
However due to high inflation, ongoing shortages and rising interest rates remained a drag on their growth prospects.
The S&P Global U.S. manufacturing segment index edged up to 51.8 this month.
It was from a base limit of 51.5 according to a flash survey.
The service sector index of S&P Global US rose to 49.2 from 43.7.
It was the first increment in previous six months.
The Index had fallen to its base level since mid 2020 to the prior month.
By and large, it seems as if the business companies are treading water.
Readings above 50 define expansion and below that it is contraction.