U.S. Factory Growth Improves Even as Global Supply Woes Linger - Bloomberg

U.S. manufacturing expanded at a stronger-than-expected pace in August, reflecting faster orders and production growth as well as rising backlogs consistent with global supply chain challenges. 

The Institute for Supply Management’s gauge of factory activity rose to 59.9 from 59.5 in the prior month, according to data released Wednesday. Readings above 50 indicate expansion. The median projection in a Bloomberg survey of economists called for the measure to fall to 58.5. 

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September 01, 2021 at 09:00PM
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U.S. Factory Growth Improves Even as Global Supply Woes Linger - Bloomberg
"Factory" - Google News
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