Key US Manufacturing Gauges Contract in August, Signal Broader Industry Slowdown – EVOL
Experts, however, still anticipate ‘industrial renaissance’ amid public and private investment.Two key U.S. manufacturing gauges contracted in August, signaling a possible broader industry slowdown.The Federal Reserve Bank of New York’s Empire State Manufacturing Survey—a monthly survey of 200 companies—contracted for the ninth consecutive month in August as business activity in…
