Us ISM manufacturing inclining cheerfully...
US ISM manufacturing inclined cheerfully to come in at 59.6; better than the forecasted 57.0 and the prior reading 56.5, whereas the ISM prices paid rose to 75.0, which is better than the predicted and prior reading of 67.0.
The ISM non-manufacturing in the US probably shrank in August for the third straight month, a sign that the economic slowdown is still in full effect as domestic demand and higher costs prevent companies from expanding, economists and traders said before a report today.