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ISM August companies PMI 52.0 vs 51.0 anticipated

  • Prior was 50.1
  • Business activity 55.0 vs 53.0 expected
  • Prior business activity 52.6
  • New orders 56.0 vs 50.3 prior
  • Employment 46.5 vs 46.4 prior
  • Prices 69.2 vs 69.9 prior

The pickup in new orders is encouraging and runs counter to the poor reading on that metric in the S&P Global survey. The poor number is on employment, which is skidding along the recent bottoms.

This article was written by Adam Button at investinglive.com.

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