PMI Falls To 59 Percent

Economic activity in the manufacturing sector grew in August for the 15th consecutive month, while the overall economy grew for the 34th consecutive month, according to the latest survey of purchasing managers by the Institute for Supply Management (ISM), Tempe, Ariz. ISM’s Purchasing Managers Index is 59 percent in August, a decrease of 3 percentage points when compared to 62 percent in July.

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