02242020Mon
Last updateFri, 21 Feb 2020 3pm

Manufacturing & The Economy

Manufacturing Slows in August

Economic activity in the manufacturing sector declined slightly in August, but the dynamics of the sector remain relatively unchanged, according to the Institute for Supply Management’s monthly Purchasing Manager’s Index.

August PMI registered 49.9 percent, compared to July’s reading of 50 percent. A reading above 50 indicates the sector is growing; a reading below 50 indicates contraction.

Source: Industrial Distribution

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