September 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. manufacturing activity contracted for the 10th straight month in August, but the rate of decline continued to slow, according to a survey report by the Institute for Supply Management (ISM). Timothy Fiore, chair of the ISM's Manufacturing Business Survey Committee, noted improving conditions for U.S. manufacturing. Industrial Info is tracking more than $80 billion worth of U.S. Industrial Manufacturing Industry projects that are expected to kick off in the fourth quarter.
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