ISM Manufacturing index Decreased to 49.1 in August

The ISM manufacturing index indicated contraction in August. The PMI was at 49.1% in August, down from 51.2% in July. The employment index was at 47.4%, down from 51.7% last month, and the new orders index was at 47.2%, down from 50.8%. From the Institute for Supply Management: August 2019 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in August , and the overall economy grew for the 124th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore,......(read more)

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