The Passives Times

Manufacturing Sector Bumping Along the Bottom

Manufacturing Sector Bumping Along the Bottom

U.S. manufacturing activity in August improved by 1.2 percentage points but remained in contraction territory as the sector continues to bump along the bottom of a 10-month retrenchment. The Institute for Supply Management’s PMI reached 47.6 percent in August, inching closer to the 50.0 percent line of demarcation between contraction and growth. Since last November,…

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