Summary: ISM PMI rises from 59.5% to 59.9% in August, slightly above consensus expectation; businesses struggling to meet increasing demand; all segments impacted; worst behind in terms of input cost pressures; latest reading implies 4.8% 12-month GDP growth rate in January. The Institute of Supply Management (ISM) purchasing managers index (PMI) reached a cyclical peak in September 2017. It then started a downtrend which ended in March 2020 with a...