FOREX TradingCharts.com

Financial News: U.S. Manufacturing Index Unexpectedly Indicates Faster Gro

U.S. Manufacturing Index Unexpectedly Indicates Faster Growth In August

09/04/2018 - 10:24:00 (RTTNews)

(RTTNews) - Activity in the U.S. manufacturing sector unexpectedly grew at a faster rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday.

The ISM said its purchasing managers index climbed to 61.3 in August from 58.1 in July, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to dip to 57.7.

The unexpected increase by the headline index came as the new orders jumped to 65.1 in August from 60.2 in July and the production index surged up to 63.3 from 58.5.

The report said the employment index also rose to 58.5 in August from 56.5 in July, indicating an acceleration in the pace of job growth in the manufacturing sector.

Meanwhile, the ISM said the prices index dipped to 72.1 in August from 73.2 in July, pointing to a slowdown in the pace of price growth.

"Demand is still robust, but the nation's employment resources and supply chains continue to struggle," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee

"Respondents are again overwhelmingly concerned about tariff-related activity, including how reciprocal tariffs will impact company revenue and current manufacturing locations," he added. "Panelists are actively evaluating how to respond to these business changes, given the uncertainty,"

On Thursday, the ISM is scheduled to release a separate report on activity in the service sector in the month of August. The non-manufacturing index is expected to inch up to 56.0 in August from 55.7 in July.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Housing Starts Spike In August But Building Permits Slump (23 min(s), 55 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in n ...Full Story»

UK Inflation Rises Unexpectedly In August (51 min(s), 55 sec(s) ago)
(RTTNews) - UK inflation rose unexpectedly in August, squeezing consumers' disposable income e ...Full Story»

U.S. Housing Starts Jump Much More Than Expected In August (52 min(s), 55 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in n ...Full Story»

UK Inflation At 6-Month High (01 hr(s), 02 min(s), 55 sec(s) ago)
(RTTNews) - Amended headline, intro and second paragraph of the story UK inflation rose to a ...Full Story»

Poland Industrial Production Growth, Producer Prices Inflation Slows In August (01 hr(s), 06 min(s), 55 sec(s) ago)
(RTTNews) - Poland's industrial production growth slowed sharply in August, after a surge in t ...Full Story»

Italy July Current Account Surplus Rises (01 hr(s), 49 min(s), 55 sec(s) ago)
(RTTNews) - Italy's current account surplus for July grew from the same period last year, larg ...Full Story»

Eurozone Construction Output Rises At Slower Pace (02 hr(s), 26 min(s), 55 sec(s) ago)
(RTTNews) - Eurozone construction output grew at a slower pace in July reflecting contraction in c ...Full Story»

Portugal Producer Price Inflation Accelerates For Fifth Month (02 hr(s), 47 min(s), 55 sec(s) ago)
(RTTNews) - Portugal's industrial producer prices accelerated for a fifth straight month in Au ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Spike In August But Building Permits Slump

09/19/2018 - 09:09 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in n ...Full Story>>

UK Inflation Rises Unexpectedly In August

09/19/2018 - 08:41 AM (RTTNews)
(RTTNews) - UK inflation rose unexpectedly in August, squeezing consumers' disposable income e ...Full Story>>

U.S. Housing Starts Jump Much More Than Expected In August

09/19/2018 - 08:40 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Wednesday showed a sharp increase in n ...Full Story>>

UK Inflation At 6-Month High

09/19/2018 - 08:30 AM (RTTNews)
(RTTNews) - Amended headline, intro and second paragraph of the story UK inflation rose to a ...Full Story>>

Poland Industrial Production Growth, Producer Prices Inflation Slows In August

09/19/2018 - 08:26 AM (RTTNews)
(RTTNews) - Poland's industrial production growth slowed sharply in August, after a surge in t ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.