Manufacturing contracted in August, according to the latest Manufacturing ISM Report on Business.
The PMI indicates a slight decline in manufacturing during August. This continues the 2008 trend toward negligible growth or contraction each month, but ultimately results in very little overall change in the sector, the Institute for Supply Management reports. This month’s report shows the first signs of lower prices as the Prices Index fell significantly, though still at an inflationary level. Export orders picked up additional momentum.
Five industries reporting growth in August included Paper Products; Computer &Electronic Products; Miscellaneous Manufacturing; Apparel, Leather &Allied Products; and Chemical Products. The industries reporting contraction in …
Manufacturing Contracts in August
Manufacturing contracted in August, according to the latest Manufacturing ISM Report on Business.
The PMI indicates a slight decline in manufacturing during August. This continues the 2008 trend toward negligible growth or contraction each month, but ultimately results in very little overall change in the sector, the Institute for Supply Management reports. This month’s report shows the first signs of lower prices as the Prices Index fell significantly, though still at an inflationary level. Export orders picked up additional momentum.
Five industries reporting growth in August included Paper Products; Computer &Electronic Products; Miscellaneous Manufacturing; Apparel, Leather &Allied Products; and Chemical Products. The industries reporting contraction in …
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