U.S. Manufacturing PMI (Purchasing Manager’s Index)

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U.S. Manufacturing PMI (Purchasing Manager’s Index)

Manufacturing PMI® registered at 59.9% in August. August PMI® indicates expansion in the overall economy for the 15th month in a row. 

The Manufacturing PMI® registered at 59.9% a increase of 0.4 percentage points from the July reading of 59.5% according to the Institute for Supply Management® (ISM®). According to ISM, The PMI® figure indicates expansion in the overall economy for the 15th month in a row after contraction in April 2020.

A PMI above 42.8%, over a period generally indicates an expansion of the overall economy. ISM states a reading above 50% shows that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting. The PMI is based on a monthly survey of supply chain managers and measures general direction of economic trends in manufacturing and other sectors.

 

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