The ISM's latest report on the manufacturing sector found that manufacturing improved slightly in August: the the purchasing manager’s composite index (PMI) rose 0.54% since July and climbed 9.86% above the level seen a year earlier giving an, indication of improving conditions for manufacturing.
US manufacturing index falls to lowest level since June 2009, according to the Institute for Supply Management, part of a slowdown in factory activity in key areas of the globe. While manufacturing growth is slowing, it's not going away, analysts say.
The Institute for Supply Management's composite index declined 4.26 percent since October 2012 and dropped 5.17 percent below the level seen a year earlier.
The business activity index declined a notable 7.51 percent since September but remained 3.94 percent above the level seen a year earlier, according to the Institute for Supply Management's latest Non-Manufacturing Report on Business.