“The August PMI registered 61.3 percent, an increase of 3.2 percentage points from the July reading of 58.1 percent,” the ISM announced on Tuesday.
Key quotes
- The New Orders Index registered 65.1 percent, an increase of 4.9 percentage points from the July reading of 60.2 percent.
- The Production Index registered 63.3 percent, a 4.8-percentage point increase compared to the July reading of 58.5 percent.
- The Employment Index registered 58.5 percent, an increase of 2 percentage points from the July reading of 56.5 percent.
- The Supplier Deliveries Index registered 64.5 percent, a 2.4-percentage point increase from the July reading of 62.1 percent.
- The Inventories Index registered 55.4 percent, an increase of 2.1 percentage points from the July reading of 53.3 percent.
- The Prices Index registered 72.1 percent in August, a 1.1-percentage point decrease from the July reading of 73.2 percent, indicating higher raw materials prices for the 30th consecutive month.
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