ISM factory index stumbles for 10th consecutive month in August

U.S. manufacturing activity rose in August, but the sector remains in contraction territory according to the Institute for Supply Management, suggesting that a sustained recovery is unlikely amid a weakening global economy.

marketwatch.com

Relevant topic timeline:

8/23/2023

US economy near stalling point as consumer demand weakens, survey says

U.S. business activity in August approached stagnation, with the weakest growth since February and a contraction in the service sector, indicating a more tepid economic outlook than previously thought.

8/24/2023

Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation

Orders for long-lasting goods in the US rose in July for the third consecutive month, indicating a potential stabilization of the struggling industrial side of the economy, if the fluctuations caused by Boeing orders are excluded.

8/23/2023

US August S&P Global services flash PMI 51.0 vs 52.2 expected

The flash surveys from S&P Global show a slowdown in US manufacturing and services sectors, raising concerns about economic growth in the third quarter and indicating a possible contraction in September due to weak demand and rising input costs.

9/1/2023

China’s factory activity unexpectedly picks up in August

China's factory activity unexpectedly improved in August, with supply, domestic demand, and employment showing signs of improvement, suggesting that efforts to revive economic growth might be having some effect.

9/1/2023

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

The latest Manufacturing ISM Report On Business reveals that economic activity in the manufacturing sector has contracted for the 10th consecutive month in August, following a period of growth, with new orders, employment, backlogs, and raw materials inventories all contracting.

9/8/2023

Global Trade Slump Continues Despite Predictions of Rebound

Global industrial production and containerized freight flows have remained stagnant, challenging previous predictions of a strong rebound and indicating a reliance on the services sector for global growth.

9/9/2023

Manufacturing Sees Job Gains But Faces Uncertainty As Demand Slows and Rates Rise

The US manufacturing industry is experiencing a "manufacturing boom" with increased construction spending and rising investments, but concerns remain over weakening demand and the potential impact of higher interest rates on economic growth.

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Posted 9/1/2023, 2:05:00 PM

ISM factory index stumbles for 10th consecutive month in August

marketwatch.com

Relevant topic timeline:

8/23/2023

US economy near stalling point as consumer demand weakens, survey says

8/24/2023

Durable-goods orders rise for third month in a row — if Boeing is taken out of the equation

8/23/2023

US August S&P Global services flash PMI 51.0 vs 52.2 expected

9/1/2023

China’s factory activity unexpectedly picks up in August

9/1/2023

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

9/8/2023

Global Trade Slump Continues Despite Predictions of Rebound

9/9/2023

Manufacturing Sees Job Gains But Faces Uncertainty As Demand Slows and Rates Rise