The ISM Manufacturing PMI inched up to 47.2 in August 2024, from a low of 46.8 in November 2023, but fell short of market expectations of 47.5. This marks the 21st contraction in U.S. factory activity over the past 22 months, continuing the sluggish performance in the manufacturing sector. The report highlights the ongoing impact of the Federal Reserve's elevated interest rates on the industry. ..
