U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth

September 1, 2016 4:31 PM

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Manufacturing unexpectedly hit a rough patch in the U.S. last month. If it remains stuck, it would again be up to American consumers to drive economic growth.

The Institute for Supply Management’s index fell by 3.2 points to 49.4 in August, the biggest drop in more than two years and signaling contraction for the first time in six months, the Tempe, Arizona-based group’s report showed Thursday. Readings above 50 indicate growth, and 11 of 18 industries su...

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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