US MANUFACTURING SHOWS SIGNS OF STABILIZING AT LOWER LEVELS IN JULY
- NEWS Desk Global
- Aug 1, 2023
- 1 min read
U.S. manufacturing appeared to stabilize at weaker levels in July amid a gradual improvement in new orders, but factory employment dropped to a three-year low, suggesting that layoffs were accelerating. The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI edged up to 46.4 last month from 46.0 in June, which was the lowest reading since May 2020.
Comments