(CercleFinance.com) – The operating conditions of the American manufacturing sector contracted at an accelerated pace in August, according to S&P Global, whose PMI index for the sector stood at 47.9 for the past month, against 49. .0 in July.
For the record, it is the threshold of 50 which separates the expansion and contraction of a sector’s activity for the PMI indices: the lower the index is below this threshold, the faster the rate of contraction.
S&P Global explains that a faster decline in new orders led to a drop in production, while employment saw its weakest increase since January and inflationary pressures remained modest, albeit slightly up.
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