ISM Manufacturing increases in August

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.

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