For the second month running in August, the U.S. economy hardly grew, according to The Institute of Supply Management. Its indexed survey of purchasing managers was at 50.6%, down from 50.9% in July, with a reading above 50 indicating growth.
The ISM said overall sentiment in the manufacturing sector “is one of concern and caution over the domestic and international economic environment, which is affecting customers’ confidence and willingness to place orders, at least in the short term.” Read more here.
Related: Eurozone Manufacturing Slump
