manufacturingsector

U.S. Manufacturing Activity Declines for the Fifth Straight Month

5 months ago

Recent data from the Institute for Supply Management (ISM) indicates that manufacturing activity in the U.S. continues to contract for the fifth consecutive month. The manufacturing activity index fell to 47.6 in August, which is below the neutral mark of 50. This value represents the lowest level since May 2020. The ongoing decline in activity suggests that the manufacturing sectors are grappling with new challenges amid changing economic conditions.

Chinese Factory Activity Declines Further in August Amid Rising Economic Headwinds

5 months ago

In August 2024, the manufacturing activity index in China continued its downward trend, raising concerns about the country's economic health. Official data revealed that the PMI (Purchasing Managers' Index) fell to 49.7 points from 50.0 in July. This reading, below 50, indicates a contraction in manufacturing activity, signaling serious economic issues facing China.