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The manufacturing sector expanded in August and the overall economy grew for the 99th consecutive month, according to supply executives in the latest Manufacturing ISM Report on Business. The August PMI was 58.8 percent, an increase of 2.5 percentage points from the July reading.

The New Orders Index registered 60.3 percent, a decrease of 0.1 percentage points from the July reading of 60.4 percent. The Production Index registered 61 percent, 0.4 percentage points higher than the July reading of 60.6 percent. The Employment Index registered 59.9 percent, an increase of 4.7 percentage points from the July reading of 55.2 percent. The Inventories Index registered 55.5 percent, an increase of 5.5 percentage points from the July reading of 50 percent. The Prices Index

 

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