(Telestock) – U.S. manufacturing activity continues to slow, which in August shows more pronounced signs of slowdown compared to the previous month. This is confirmed by the index of corporate purchasing managers elaborated by S&P Global, which signals a phase of expansion of the economy.
The manufacturing PMI rose to 47.9 points from 49.6 in July. This is a downward revision compared to the 48 of the preliminary estimatewhich had already disappointed expectations.
The index therefore remains above the key threshold of 50 points which acts as a watershed between expansion (above 50 points) and contraction (below 50 points) of activity.
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