Thursday, September 01, 2016

ISM Manufacturing Report on Business: August 2016


Today, the 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.