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The ISM Manufacturing Index rose to 48.7 in May, up from 48.0 in July, but remained in contraction territory. Only seven of 18 industries reported growth for the month, matching July’s share. Roughly 70% of manufacturing GDP contracted in August, down from 79% recorded in July. However, demand conditions improved in August, with the new […]

The post US: ISM Manufacturing Index Contracts for Sixth Consecutive Month in August appeared first on Action Forex.

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16/03/2024

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