U.S. Manufacturing Slowest Growth Since 2020
New orders for products of U.S. manufacturers either expanded in August or contracted for the third straight month—depending on which survey you believe.
The Institute for Supply Management’s U.S. Purchasing Manufacturings Index (PMI), the more widely followed survey, showed new orders rising in August. The S&P Global PMI, however, showed new orders falling for the third straight month.
While differing on some details, both surveys paint a picture of a manufacturing sector …