US ISM Manufacturing PMI dropped from 53.0 to 52.8 in July, above expectation of 52.0. Looking at some details, new orders dropped -1.2 to 48.0. Production dropped -1.4 to 53.5. Employment rose 2.6 to 49.9. Prices dropped sharply by -18.5 to 60.0. ISM said: “”The U.S. manufacturing sector continues expanding — though slightly less so […]
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