US ISM Manufacturing PMI slipped further to 48.0 in July, down from 49.0 and missing expectations of 49.6. This marks the fifth straight month of contraction in factory activity. While production rose slightly from 50.3 to 51.4 and new orders improved from 46.4 to 47.1, both remained in contractionary territory. Employment was a particular weak […]The post US ISM manufacturing contracts further, employment weakness deepens appeared first on Action Forex.