The U.S. manufacturing sector decreased in August, Manufacturing PMI® registered 47.6%, 1.2 percentage points higher than the 46.4% recorded in July. Regarding the overall economy, this figure indicates a ninth month of contraction after a 30-month period of expansion.
The Employment Index registered 48.5%, up 4.1 percentage points from July’s reading of 44.4%.
The New Orders Index remained in contraction territory at 46.8%, 0.5 percentage point lower than the figure of 47.3% recorded in July.
The New Export Orders Index reading of 46.5% is 0.3 percentage point higher than July’s figure of 46.2%.
The Inventories Index decreased by 2.1 percentage points to 44%; the July reading was 46.1%.
Read the ISM release.