Home Breaking News Manufacturing, service ‘flash’ PMI readings split direction in August

Manufacturing, service ‘flash’ PMI readings split direction in August

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The service and manufacturing sectors went in different directions in August, according to data released Wednesday. The IHS Markit flash manufacturing purchasing managers index fell to a two-month low of 52.5 from 53.3 in July, while the services PMI rose to a 28-month high of 56.9, up from 54.7 in July. Any reading above 50 indicates improving conditions. The flash responses are based on about 85% to 90% of total PMI survey responses each month.



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