Shares of industrial and transportation companies rose as surveys of purchasing managers from a number of large economies were scrutinized for signs of further slowdown.

IHS Markit figures for the U.S. services and manufacturing sectors fell in September compared with August. A parallel report for the eurozone showed business activity slowed in September, adding to signs the global economy is experiencing a soft patch amid an uneven recovery.

Supply-chain difficulties and high prices for raw materials hurt factory output.

British Airways abandoned a plan to create a new short-haul subsidiary after failing to win support from its pilots for the venture, which the airline had hoped would offer a way to offset pandemic-induced declines in long-haul traffic. Boeing has raised its 20-year forecast for the Chinese airline market, projecting that the country would need 8,700 new airplanes valued at $1.47 trillion by 2040, to meet rising air-travel demand.


 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

09-23-21 1710ET