Wednesday, September 23, 2015

Purchasing Managers Index

Manufacturing expanded in August as the PMI® registered 51.1%, a decrease of 1.6 percentage points from the July reading of 52.7%, indicating growth in manufacturing for the 32nd consecutive month. The August PMI reading is the lowest since May 2013 when the PMI registered 50.1%. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally contracting.

Source: Institute for Supply Management - Manufacturing Report on Business - www.ism.ws

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