Manufacturing continues recovery in US

01 September 2020

 

Summary: ISM purchasing managers index moves further above 50; reading above consensus expectation; manufacturing continues recovery; employment sub-index still shows “factories are cutting jobs”; US economy growing at fast pace.   US purchasing managers' indices (PMIs) reached a cyclical peak in September 2017 before they started a downtrend which stabilised in late 2019 after a truce of sorts was made with the Chinese regarding trade. March’s report signalled a contraction...

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