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Worst May Be Over For America’s Manufacturing Sector
America's factory malaise abated in August, the last of this week's top-tier data out of the world's largest economy suggested.
The country's marquee gauge of manufacturing activity rose to a six-month high, albeit while remaining in contraction territory.
At 47.6, ISM topped estimates, but nevertheless spent a 10th month below the 50 demarcation line.
Meanwhile, S&P Global's gauge was revised higher from the flash print. At 47.9, it's virtually identical to ISM.
S&P Global's Chris
