US manufacturing output continued to decline in August, albeit at a more moderate pace
September 3, 2024
Economic activity in the manufacturing sector declined for the fifth month in August and the 21st time in the past 22 months, according to the latest Manufacturing ISM Report On Busines. The report was released by Timothy R. Fiore, Chairman of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. According to the report, the manufacturing PMI for August was 47.2 percent, up 0.4 percentage points from 46.8 percent in July.