PMI Releases Latest Data on US Economy

PMI Data Shows Economic Expansion Continued in August

Index Rises to 52.8, Highest Level Since May

The Institute for Supply Management (ISM) has released its latest data on the US economy, and the results are positive. The Purchasing Managers' Index (PMI) rose to 52.8 in August, up from 52.2 in July. This is the highest level since May.

The PMI is a measure of the month-over-month change in manufacturing activity in the US. A reading above 50 indicates that the sector is expanding, while a reading below 50 indicates that it is contracting.

The increase in the PMI suggests that the US economy is continuing to expand. This is good news, as it indicates that businesses are investing and hiring, and that consumers are spending.

• The PMI is a measure of the month-over-month change in manufacturing activity in the US.
• A reading above 50 indicates that the sector is expanding, while a reading below 50 indicates that it is contracting.
• The increase in the PMI suggests that the US economy is continuing to expand.

However, there are some clouds on the horizon. The new orders index fell to 49.2 in August, down from 50.0 in July. This suggests that businesses are becoming less optimistic about the future.

Overall, the PMI data is positive. It suggests that the US economy is continuing to expand. However, there are some signs that growth may be slowing.