U.S. industries state that business perked up slightly in September.

It was because of an increase in new customer orders.

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However due to high inflation, ongoing shortages and rising interest rates remained a drag on their growth prospects.

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The S&P Global U.S. manufacturing segment index edged up to 51.8 this month.

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The service sector index of S&P Global US rose to 49.2 from 43.7.

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The Index had fallen to its base level since mid 2020 to the prior month.

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By and large, it seems as if the business companies are treading water.

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Readings above 50 define expansion and below that it is contraction.

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