Stamford Advocate

Manufactur­ing grows despite problems


Growth in U.S. manufactur­ing accelerate­d in August despite the fact that companies were still struggling with supply chain problems. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its index of manufactur­ing activity rose 0.4 percentage point in August to 59.9. Any reading above 50 indicates growth in the manufactur­ing sector. August marked the 15th consecutiv­e month that manufactur­ing has grown after contractin­g in April 2020 when the coronaviru­s pandemic triggered nationwide business shutdowns.

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