Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®
Fastener News Desk
SEPTEMBER 5, 2023
The August composite index reading reflects companies managing outputs appropriately as order softness continues, but the month-over-month increase is a sign of improvement. Logistics stabilized and costs are matching 2019. The Imports Index remained in contraction territory, registering 48 percent, 1.6 percent reported in July.”
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