US: Economic activity in the manufacturing sector expanded in August - ISM
|"The August PMI registered 58.8 percent, an increase of 2.5 percentage points from the July reading of 56.3 percent," the Institue for Supply Management said on Friday.
Key quotes:
- The New Orders Index registered 60.3 percent, a decrease of 0.1 percentage point from the July reading of 60.4 percent.
- The Production Index registered 61 percent, a 0.4 percentage point increase compared to the July reading of 60.6 percent.
- The Employment Index registered 59.9 percent, an increase of 4.7 percentage points from the July reading of 55.2 percent.
- The Supplier Deliveries Index registered 57.1 percent, a 1.7 percentage point increase from the July reading of 55.4 percent.
- The Inventories Index registered 55.5 percent, an increase of 5.5 percentage points from the July reading of 50 percent.
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