US manufacturing activity shrinks in July

By Agence France-Presse

Aug 03, 2024 12:16 am

WASHINGTON, D.C. — US manufacturing activity contracted more sharply than expected last month, according to industry survey data published on Thursday, deepening a recent slump on continued weak demand and falling output.

The Institute for Supply Management's (ISM) manufacturing index was 46.8 percent in July, down 1.7 percentage points from a month earlier.

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