US manufacturing, exports and imports making strides

September 1, 2020 – Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business today.

Bloomberg mfg

New export orders moved up considerably reaching a 53.3 reading in August compared to 50.4 in July, while imports also grew faster at 55.6 in August from 53.1 in July.

“What we’re seeing here is a growing business confidence in trade and manufacturing,” said Fred Baehner, IBNewsmag publisher, “as the US economy rebounds from the pandemic.”

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