U.S. manufacturing rebounded in September

The U.S. manufacturing sector rose unexpectedly last month, after three consecutive months of contraction, indicating the industry is stabilizing. The Institute for Supply Management reported that he ISM manufacturing PMI rocketed to 51.5, up from 49.6 in August, while analysts had expected factory index to remain under 50, a level which indicates industry expansion, for the fourth straight month, at 49.7.