US Factory Growth At 9-Month Low


The IHS Markit US Manufacturing PMI fell to 54.5 in August of 2018 from 55.3 in July, slightly below market expectations of 55, preliminary estimates showed. The reading pointed to the slowest expansion in the manufacturing sector in nine months as output, new business, employment and capacity pressures moderated.

Manufacturers continued to indicate a sharp lengthening of suppliers’ delivery times, which survey respondents linked to widespread truck driver shortages.

Stretched supply chains, import tariffs on metals, and a corresponding rise in demand for domestically sourced items contributed to greater input costs during August. Nonetheless, the overall rate of input price inflation eased further from the seven-year peak seen in April. Latest data also pointed to the least marked rise in factory gate charges for five months.

US Factory Growth At 9-Month Low


Markit | Joana Taborda | joana.taborda@tradingeconomics.com
8/23/2018 1:53:29 PM