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US manufacturing sector contracts in August for 5th straight month

ISTANBUL: The US manufacturing sector contracted in August for the fifth consecutive month, according to a report released Tuesday by the Institute for Supply Management (ISM).

The ISM manufacturing purchasing managers’ index (PMI) came in at 47.2% i…

Production in US falls in August for 1st time in 7 months

ISTANBUL: Production in the US fell in August for the first time in seven months, global data provider SandP Global said Tuesday in a report.

Sales continued to decreased last month amid increasing reports of demand weakness, said the report.

The pa…