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US manufacturing growth cools in August as input prices stay high
U.S. manufacturing activity cooled off in August after a period of strong expansion, with new orders experiencing a decline. Input prices remained high due to continued supply chain pressures. Employment in factories also decreased, but there was a mild uptick in export orders. Supplier deliveries were slower, highlighting ongoing supply constraints and high inflation, prompting financial markets to brace for a possible Federal Reserve interest rate increase.
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supplychaindive.com
Manufacturing growth slows in August as economic concerns loom: ISM
Although the sector remained in expansion, "warning signs" are starting to appear, said Susan Spence, chair of the Institute for Supply Management.
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thehindubusinessline.com
India manufacturing PMI falls to five-year low of 52.8
India’s manufacturing PMI fell to 52.8 in August, a five-year low, as output and new orders growth weakened and employment contracted mildly.
