Economic News

Economic News

U.S. Factory Activity - Highest in 14 Years

According to The Wall Street Journal, it reported that the Institute for Supply Management manufacturing index rose to 61.3 in August from 58.1 in July, hitting its highest level since May 2004. Analysts had expected the industry to see a slowdown due to increased trade tensions and typically seasonal variations, and a decline in the ISM survey of factory purchasing and supply managers may indicate that trade actions are beginning to take a toll. Meanwhile, while many economists interpreted Tuesday’s report as indicating robust growth will continue, some warned of signs that the manufacturing industry is overheating.

  • Gallery
  • 6 September 2018
  • Author: Cynthia
  • Number of views: 78
  • Comments: 0
Categories: BlogNews
Tags:
Print