(IHS Markit) US Manufacturing PMI hit 61.1 in August, down from 63.4 in July, the lowest in four months, but one of the strongest in the series history.
The robust manufacturing reflected growth in new orders and production. Material shortages and capacity constraints weakened activity.
Employment expansion eased as firms experienced challenges getting and retaining staff.
New orders expanded on new demand, although the growth rate eased to the slowest in eight months.
Input price inflation rose the fastest in the series history, with costs being passed to consumers.
Business confidence over the coming year increased in August as investors were optimistic about client demand.
SPY is up +0.17%, DXY is down -0.21%
