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The ISM’s manufacturing index indicates the industry is in a contraction.
At the same time, August saw an increase in orders and the lowest price increases for raw materials since February.
The latest S&P Global PMI points to resilient demand and optimism about the U.S. economy, along with price inflation that matches a three-year high.
“Despite policy uncertainty and downbeat consumers, the March top-line number was a good one for the economy and employers of all sizes, if not necessarily all sectors.”
