September 1, 2020

US manufacturing continues recovery in August: survey

Washington (AFP) – US manufacturers saw clear gains in August following the devastation of the coronavirus shutdowns earlier in the year, though damage from the downturn lingers, according to an industry survey Tuesday.The Institute for Supply Management’s (ISM) manufacturing index rose more than expected last month to 56 percent from 54.2 percent in July, with key metrics continuing their expansion after business shutdowns caused by Covid-19 badly hit factories earlier this year.”Index and sub-index expansion was stronger than July, but we are still recovering from historically low levels of …


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