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U.S. EconomyIMPORTANT

US ISM Manufacturing PMI (Aug) 54.6 vs. Exp. 55.2 (Prev. 55.6)

StockNow breaking-news AI analysis

US August ISM Manufacturing PMI recorded 54.6, missing expectations of 55.2 and slowing from July's 55.6, indicating an annualized real GDP growth rate of 2.4 percent.

News detail

“The past relationship between the Manufacturing PMI and the overall economy indicates that August reading (54.6 percent) corresponds to a 2.4-percent increase in real gross domestic product (GDP) on an annualized basis.”

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