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U.S. Manufacturing Index Indicates Modestly Slower Contraction In August

Por: RTTNews Business September 01, 2023

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Indicating a slower pace of contraction, the Institute for Supply Management released a report on Friday showing an uptick by its reading on U.S. manufacturing activity in the month of August.The ISM said its manufacturing PMI rose to 47.6 in August from 46.4 in July, although a reading below 50 still indicates a contraction. Economists had expected the index to inch up to 47.0.The modest increase by the headline index came as the production... + full article



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