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ISM Manufacturing Index Falls Into Contraction Territory

Written by The Ashton Report

The Institute of Supply Management’s monthly Manufacturing PMI Index fell to 49.1 in August, down from 51.2 in July, signaling contraction. The ISM indices are set up with 50 as the dividing line between expansion and contraction.  It was the first time the index fell below 50 in 35 months. Many of the PMI’s sub-indexes…

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