The New Orders Index reduced from 47.4 in July to 44.6 in August, while Production Index reduced from 45.9 to 44.8.
The Institute for Supply Management commented: “Demand stays suppressed, as business program an aversion to invest in capital and stock due to present federal financial policy and election unpredictability.”
Today, traders likewise had a opportunity to take a appearance at the last reading of S&P Global Manufacturing PMI report. The report revealed that S&P Global Manufacturing PMI decreased from 49.6 in July to 47.9 in August, compared to an