US ISM manufacturing hit lowest since August 2013

By FXStreet FXStreet (Mumbai) – The Institute for Supply Management’s (ISM) index fell to 51.1 in August, its lowest since August 2013. The index stood at 52.7 in July.

Anaemic demand from emerging markets such as China and a stronger USD led to a measure of exports dropping to the weakest reading since April 2009.

The ISM group’s new orders gauge dropped to a more than two-year low of 51.7 from 56.5 the prior month. A measure of export orders decreased by 1.5 points to 46.5 in August.
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Source:: FX Street