The Purchasing Manager's Index Jumps Up to 47.6 for August

Tim Fiore, Committee Chair of the Institute for Supplu Management's Manufacturing Report on Business discusses New Orders, Production, Employment, Supplier Deliveries, and Inventories that make up the composite Purchasing Manager's Index Number of 47.6 for August 2023, an improvement from the July reading of 46.4, with better performance in 4 out of the 5 measurements.