TELETRADER News
9/3, 4:03 PM (Source: TeleTrader)
more TeleTrader news

US manufacturing PMI at 49.1 in August

Activity in the United States manufacturing sector contracted in August compared to the month before, while the overall economy continued to grow, a report from the Institute for Supply Management said on Tuesday. The August figure, standing at 49.1%, was also the lowest since January 2016.

Meanwhile, the new orders index registered 47.2%, a decrease of 3.6 percentage points when compared to July. The prices index, however, rose in August, reaching 46%. The employment index, on the other hand, fell sharply, standing at 47.4% compared to July's figure of 51.7%.

Breaking the News / GG