Economic Buzz: US ISM manufacturing activity improves in August

Activity in the United States' manufacturing sector expanded in August compared to the month prior, the Institute for Supply Management (ISM) said in its report published on Tuesday. The Manufacturing Purchasing Managers' Index (PMI) stood at 54.6%, growing for the eighth consecutive month, albeit at a lower pace than in the previous month.

At the same time, the Employment Index worsened 1.6 percentage points compared to July, reaching 51.2%. The Production Index dipped 0.2 percentage point to 58.3%. Meanwhile, the New Order Index came in at 53.7%, losing 3 percentage points compared to the month prior.

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