Last updateWed, 23 Sep 2020 9pm

Manufacturing & The Economy

ISM: Manufacturing Increased for Fourth Straight Month

Manufacturing grew in August, as the PMI registered 56%, 1.8% higher than the July reading of 54.2%. “The PMI signaled a continued rebuilding of economic activity in August and reached its highest level of expansion since November 2018, when the index registered 58.8%. Five of the big six industry sectors expanded,” Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

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