- Published on Wednesday, 03 September 2008 02:25
Economic activity in the manufacturing sector declined slightly in August, but the dynamics of the sector remain relatively unchanged, according to the Institute for Supply Management’s monthly Purchasing Manager’s Index.
August PMI registered 49.9 percent, compared to July’s reading of 50 percent. A reading above 50 indicates the sector is growing; a reading below 50 indicates contraction.
Source: Industrial Distribution