Manufacturing in the United States grew for the 15th month in a row during August, the latest poll of the Institute of Supply Chain Management Business Survey Committee found.
The August Manufacturing PMI® registered 59.9%, an increase of 0.4 percentage point from the July's 59.5% with the New Orders Index climbing 1.8 percentage points to 66.7% and the Backlog of Orders Index up 3.2 percentage points to 68.2%.
Business Survey Committee panelists reported that their companies and suppliers continue to struggle at unprecedented levels to meet increasing demand, which is happening despite increased prices for nearly everything, Manufacturing Business Survey Committee Chair Timothy Fiore said.
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