After expanding at a record pace last month, U.S. manufacturing activity slowed in August while maintaining robust growth, according to the IHS Markit Flash U.S. Manufacturing PMI. The index declined from July’s 63.4 to 61.2 this month.
According to Chad Moutray, chief economist for the National Association of Manufacturers, it was the fifth straight month the index exceeded 60 — a threshold that demonstrates solid expansion.
For a longer term perspective, check out this on-demand webinar (along with these handouts) presented this week by OMA Connections Partner RSM to examine how current trends could affect manufacturers. 8/25/2021