8/1/2019, 4:00 PM (Source: TeleTrader)
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US ISM manufacturing PMI at 51.2 in July

The manufacturing PMI in the United States decreased to 51.2 in July from June's 51.7, the Institute for Supply Management announced in a report on Thursday. The reading indicated the slowest pace of expansion in the manufacturing sector since August 2016 as employment growth dropped sharply.

Meanwhile, the new orders index rose to 50.8 from June's 50. The employment index fell sharply from 54.5 in June to 51.7 in July and the prices index fell by 2.8 points to 45.1 in June. Construction spending likewise dropped by 1.3% versus the 0.8% that had been forecast.

Breaking the News / DZ