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Last updateThu, 15 Nov 2018 4pm

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ISM Survey Dims Prospect of U.S. Manufacturing Rebound

Economic activity in the manufacturing sector expanded in August for the 32nd consecutive month, and the overall economy grew for the 75th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. The August PMI registered 51.1%, a decrease of 1.6% from the July reading of 52.7%.

“Comments from the panel reflect a mix of modest to strong growth depending upon the specific industry, the positive impact of lower raw materials prices, but also a continuing concern over export growth,” said ISM chair Bradley J. Holcomb. “We haven’t seen the rebound in the manufacturing sector that we’ve seen in other pockets of the economy.” 

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