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Usa, ISM manufacturing index for July disappoints expectations and stops at 49,8 points

The index that measures manufacturing activity in July rises to 49,8 from 49,7 in July – But the experts were expecting an increase to 50,2 points – US construction spending is at a three-year high, rising by 0,4. XNUMX%

Usa, ISM manufacturing index for July disappoints expectations and stops at 49,8 points

The ISM manufacturing index, which monitors the country's manufacturing activity, rose slightly in the United States. The data marks 49,8 points in July from 49,7 points.

The index remains below the threshold of 50 points, indicating a situation of economic contraction, and disappoints the expectations of analysts who expected the value for the ISM manufacturing PMI to increase to 50,2.

Still in the USA, construction spending rose to its highest level in the last three years, increasing by 0,4%.

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