The headline manufacturing PMI slipped 1.0 point to 54.6 in August from 55.6 in July, but remained firmly in expansion for an eighth consecutive month. The reading was modestly below the 55.2 consensus. Demand lost momentum, with new orders falling 3.0 points to 53.7 and backlogs declining 3.2 points to 51.8 although both continued to […]The post US: ISM Manufacturing Expansion Holds up in August Despite Supply Chain Challenges appeared first on ActionForex.