The S&P Global (Markit) Flash US Manufacturing PMI dropped to 51.3 in August from 52.2 in July, and pointing to the lowest growth in factory activity since July20, amid muted demand conditions and production cutbacks. Output contracted for the second successive month. Higher input prices also served to dampen customer demand, as some firms stated that clients were monitoring inventories and essential spending more closely. New export orders fell solidly as inflationary pressures in key export markets weighed on demand.Powered by Commodity Insights
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