16 days ago • Posted by Djellza Kolloni

Manufacturing in the U.S. is expanding at a faster rate, and backlogs are growing

Manufacturing in the U.S. grew faster than predicted in August, owing to higher orders and output increases, as well as mounting backlogs due to global supply chain issues. According to data issued Wednesday, the Institute for Supply Management's index of manufacturing activity to 59.9 from 59.5 the previous month. Expansion is indicated by readings above 50. According to a Bloomberg poll of analysts, the metric is expected to decrease to 58.5. Source: Bloomberg