Paper Economy - A US Real Estate Bubble Blog
A Blog dedicated to tracking the decline of the greatest asset bubble in US history.
Thursday, September 01, 2016
ISM Manufacturing Report on Business: August 2016
Institute for Supply Management
released their latest
Report on Business for the manufacturing
sector indicating that manufacturing activity worsened notably in August with the overall PMI falling into contraction.
At 49.4 the purchasing manager’s composite index (PMI) declined 6.08% from July and slumped over 6% below the level seen a year earlier.
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