US companies, suppliers struggle with increased demand: ISM

Summary: ISM PMI falls from 60.6% to 59.5% in July, slightly below consensus expectation; companies, suppliers struggle to meet increasing demand levels; US Treasury market reaction suggests concern over ‘peak growth’, more slowdown ahead; various factors imposing limits on manufacturing sector; latest reading implies 4.7% 12-month GDP growth rate in December.   The ISM’s purchasing managers' index (PMI) reached a cyclical peak in September 2017.  It then started a downtrend...

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