ISM found that US factories are growing at the slowest pace in two years. New orders fall again in bad omen

Numbers: A key gauge of US factories fell to a 25-month low of 52.8% in July in a sign of creeping weakness in the US economy. The good news? Inflation pressures eased. The manufacturing gauge that the Institute for Supply Management closely tracks is down from 53% in June, largely due to another drop in …

ISM found that US factories are growing at the slowest pace in two years. New orders fall again in bad omen Read More »