- U.S. manufacturing activity improves slightly less than initially estimated in August - HIS Markit
Market news
1 September 2020
U.S. manufacturing activity improves slightly less than initially estimated in August - HIS Markit
The latest
report by IHS Markit revealed on Tuesday the seasonally adjusted IHS Markit
final U.S. Manufacturing Purchasing Managers’ Index(PMI) rose to 53.1 in
August, up from 50.9 in July, but down slightly from the “flash” figure of 53.6. The August reading pointed to the strongest growth in factory activity since January 2019.
Economists had
forecast the index to stay unrevised at 53.6.
According to
the report, the upturn reflected faster increases in output and new orders,
with firms also indicating a renewed rise in employment.
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