US manufacturing remains in expansion, but new orders lose momentum as input price pressures stay elevated
๐ญ The ISM Manufacturing PMI fell to 54.6 in August from 55.6 in July, below the 55.2 forecast. The index remained above 50 for an eighth consecutive month, showing that manufacturing is still expanding, though at a slower pace.
๐ New Orders dropped from 56.7 to 53.7, while Production held near a strong 58.3. The divergence suggests current factory activity remains solid, but demand momentum for the coming months is weakening.
๐ฅ Prices Paid stayed at 71.1, while Supplier Deliveries rose to 59.3, pointing to persistent input-cost and supply-chain pressures. Employment also eased to 51.2, indicating hiring is cooling without yet moving into contraction.
๐ Overall, the data point to slower manufacturing growth while price pressures remain sticky, leaving the monetary policy outlook mixed.
#ISM
$BTC
๐ญ The ISM Manufacturing PMI fell to 54.6 in August from 55.6 in July, below the 55.2 forecast. The index remained above 50 for an eighth consecutive month, showing that manufacturing is still expanding, though at a slower pace.
๐ New Orders dropped from 56.7 to 53.7, while Production held near a strong 58.3. The divergence suggests current factory activity remains solid, but demand momentum for the coming months is weakening.
๐ฅ Prices Paid stayed at 71.1, while Supplier Deliveries rose to 59.3, pointing to persistent input-cost and supply-chain pressures. Employment also eased to 51.2, indicating hiring is cooling without yet moving into contraction.
๐ Overall, the data point to slower manufacturing growth while price pressures remain sticky, leaving the monetary policy outlook mixed.
#ISM
$BTC
