The rebound in the ISM manufacturing index to a six-year high in August illustrates that, despite the softer pace of payroll employment growth, activity continued to expand at a healthy pace last month. On past form, the index is consistent with annualised GDP growth of more than 4% in the third quarter.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services