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9/4/2012 4:00:00 PM Write a Letter to the Editor Write a letter to the Editor

ISM Manufacturing Index Falls to Three-Year Low

U.S. manufacturing activity fell to a three-year low in August, the Institute for Supply Management reported Tuesday.

ISM’s monthly manufacturing index reading declined to a 49.6 reading, from 49.8 in July. Figures lower than 50 indicate contraction.

Economists had forecast the index would rise to a reading of 50, Bloomberg reported.

The new orders index registered a 47.1 reading, down 0.9% from July, while the production index dropped 4.1% to a 47.2 reading.

The employment index remained in growth territory at a 51.6 reading but registered its lowest reading since November 2009, ISM said.

ISM’s factory index measures manufacturing components of the economy.

By Transport Topics

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