US business activity growth remained robust in September

By Gokhan Ergocun

ISTANBUL (AA) - Business activity growth in the US remained robust in September, according to a report by data provider S&P Global released on Monday.

The report signaled a sustained economic expansion over the third quarter in the world's largest economy.

"Only a small loss of momentum was evident in September, but growth disparities persisted," it said.

A further solid expansion of the service sector contrasted with a second successive month of modestly falling output, it added.

The US purchasing managers index (PMI) composite output index was at 54.4 in September, down slightly from 54.6 in August.

It stated: "However, growth remained uneven by sector. While service sector activity grew at a solid pace, the rate of increase running at the second-highest seen over the past 29 months, manufacturing output fell for a second successive month, albeit dropping only modestly and at a slower rate than in August."