Manufacturing

Manufacturing

US July ISM manufacturing index 46.8 vs 48.8 expected

The US ISM manufacturing index for July 2024 came in at 46.8, falling short of the expected 48.8. This data indicates a slowdown in the manufacturing sector, which could have implications for the overall economy.

Manufacturing plays a crucial role in the US economy, contributing significantly to GDP and employment. Keeping a close eye on manufacturing data, such as the ISM index, can provide valuable insights into the health of the economy and potential future trends.