NEW YORK, Oct 1 (Reuters) - The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday.
STORY: TABLE COMMENTS:
CRAIG DISMUKE, CHIEF ECONOMIC STRATEGIST, VINING SPARKS, MEMPHIS, TENNESSEE
"This is surprisingly strong given the new orders we have seen in recent months. This is most likely going to be temporary. The manufacturing sector is not as bad as previously thought."
ADAM SARHAN, CHIEF EXECUTIVE OF SARHAN CAPITAL IN NEW YORK
"Despite a recent spate of weaker-than-expected data from across the world, markets are looking forward. There is a lot of hope that the worst-case scenario is off the table not only for now, but for good. Long-term expectations for the economy are bright.
"The U.S. economy is growing at a slow pace, but it is still growing. The ISM number suggests that things are not that bad. We're not quite at the point where things are good, but this indicates strongly that things are not so bad."
MARKET REACTION: STOCKS: U.S. stocks added to their earlier gains .
(Americas Economics and Markets Desk; +1-646 223-6300)
Keywords: USA ECONOMY/ISM