US ISM Manufacturing PMI dropped from 48.5 to 46.8 in July, falling below the expected 48.8. This marks the fourth consecutive month of contraction for the manufacturing sector, with the decline accelerating. New orders fell from 49.3 to 47.4, indicating that demand has not seen consistent growth since May 2022. Production also decreased significantly, dropping […]
The post US ISM manufacturing drops to 46.8, reflecting deepening contraction appeared first on Action Forex.
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