Here is a look at the latest economic updates for the manufacturing sector. For August, the ISM Manufacturing PMI decreased to a reading of 54.6. This result came in below the estimated expectation of 55.2, as well as the previous figure of 55.6. When examining the specific details of the report, the metric for new orders dropped to 53.7, down from the prior period reading of 56.7. In contrast, the prices paid measurement held perfectly steady, remaining unchanged at 71.1. Additionally, the employment component experienced a decline, falling to 51.2 from its previous mark of 52.8.
