Manufacturing Indexes Show Slowing Activity

The Manufacturing Outlook Index — published by OMA Connections Partner RSM — show the U.S. manufacturing sector recorded its third consecutive month of sub-standard economic activity in July.

At the same time, the ISM Manufacturing Purchasing Managers’ Index remains in positive territory at 52.8%, but shows the sector hit its lowest level in two years, as last month’s new orders and employment were in negative territory for the third straight month. 8/2/2022