Purchasing Managers’ Index (PMI) of August 2019 was released yesterday which is 49.5, lower than previous month (49.7). PMI is under 50 for the fourth consecutive month, representing a contraction.

Production Index is reported 51.9 (-0.2%) and New Orders Index is 49.7 (-0.1%)! New Export Orders Index improved 0.3% and is 47.2.

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