Drilling rig workers Photo by Scott Olson/Getty Images

Electrical Marketing’s Leading Economic Indicators - September 2017

PMI stays strong but Dodge Momentum index weakens while rig counts grow.

Purchasing Managers Index remains on growth track in August. The August PMI registered 58.8%, an increase of 2.5 percentage points from the July reading of 56.3%, according to the Institute for Supply Management’s latest Manufacturing Report On Business. The New Orders Index registered 60.3%, a decrease of 0.1 percentage point from the July reading of 60.4%.

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