ISM: U.S. Manufacturing Activity Contracts for Fifth Straight Month

September 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in August for the fifth consecutive month, according to a survey report by the Institute for Supply Management (ISM), as demand continued to ease. Still, Industrial Info's Global Market Intelligence (GMI) shows robust project activity in the U.S. Industrial Manufacturing Industry. Industrial Info is tracking more than $70 billion worth of capital-spending industrial manufacturing projects in the U.S. that are scheduled to kick off from October through December, with about $30 billion of the spend attributed to data center projects.