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U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In July

Por: RTTNews Business August 01, 2023

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A report released by the Institute for Supply Management on Tuesday showed U.S. manufacturing activity contracted for the ninth consecutive month in July.The ISM said its manufacturing PMI crept up to 46.4 in July from 46.0 in June, but a reading below 50 continues to indicate contraction. Economists had expected the index to inch up to 46.8.The uptick by the headline index came as the new orders index climbed to 47.3 in July from 45.6 in June,... + full article



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