ISM: U.S. Manufacturing Activity Continues Downtrend

August 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Economic activity for U.S. manufacturing continues to trend downward, according to a survey report by the Institute for Supply Management (ISM), amid a decline in new orders and production. The ISM's July Purchasing Manager's Index (PMI), which tracks 18 manufacturing industry sectors in the U.S., reached its lowest level in eight months. Still, Industrial Info's Global Market Intelligence (GMI) Project Database shows project activity in the U.S. Industrial Manufacturing Industry is on an upward trajectory.