Among the sub-indices that comprise the PMI, the new orders index “rose more moderately” and showed new order stock was up. The production volume index fell but was still over 50 for the third month in a row. The employment index rose over 50 after showing a contraction in May-July. An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
– Written by Gábor Pákozdi
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