Summary: ISM purchasing managers index (PMI) slightly up; above consensus expectation; US firms struggling with labour shortages, shipping delays, other disruptions; implies US economy still growing at rapid pace. US purchasing managers' index (PMI) readings reached a cyclical peak in September 2017. They then started a downtrend which ended in March 2020 with a contraction in US manufacturing which lasted until June 2020. Subsequent month’s readings implied growth had...