US Factory Activity Slows in August
U.S. manufacturing activity eased in August as new orders slowed and input prices remained elevated due to trade policies and conflicts. The ISM manufacturing PMI fell to 54.6 while a stable labor market reinforced expectations for a possible rate hike.
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United States manufacturing activity eased to 54.6 in August amid slowing new orders and rising supply chain pressures. The reading follows a 55.6 print in July, which marked the highest level since May 2022. The moderation increases pressure on the Federal Reserve as input prices remain elevated ahead of the September 16 policy meeting.
