Manufacturing's back: US mfg activity continued to rebound in Aug via ISM Mfg PMI, which picked up to 56.0 -- a moderately strong pace that marks the strongest expansion since Nov 2018. Notably, the growth trend is well above the pre-pandemic level: https://t.co/XT8ljx2HMu
— James Picerno (@jpicerno) September 1, 2020
1/2 pic.twitter.com/muGGzWaZ8q
ISM Manufacturing rises to 56, its highest level in 19 months. pic.twitter.com/l7DKu8TZsX
— Charlie Bilello (@charliebilello) September 1, 2020
The mfg ISM defied expectations, registering a gain vs. July w/orders & production constructively stronger. Keep in mind these figures simply measure rate of change vs. the amnt of activity which remains depressed. Note that employment continued to contract. pic.twitter.com/uZNfToyb7u
— Steven Rattner (@SteveRattner) September 1, 2020
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