The ISM manufacturing index indicated contraction in August. The PMI was at 49.1% in August, down from 51.2% in July. The employment index was at 47.4%, down from 51.7% last month, and the new orders index was at 47.2%, down from 50.8%.From the Institute for Supply Management: August 2019 Manufacturing…

ISM Manufacturing index Decreased to 49.1 in August