Home Squawk US Factory Activity Rises Less than Expected

US Factory Activity Rises Less than Expected

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A preliminary estimate showed that the IHS Markit US Manufacturing PMI increased to 51.3 in July of 2020 from 49.8 in June, below market forecasts of 51.5.

Component :

  • Overall growth was driven by the first upturns in both output and new orders for five months.
  • Employment numbers in the manufacturing sector were broadly unchanged in July, as the rate of backlog depletion eased further.