U.S. Manufacturing Dips in August
The timing couldn’t be worse—amidst a climate of political gamesmanship with U.S. trading partner Mexico, U.S. manufacturing activity in August contracted for the first time in five months. The Institute for Supply Management’s (ISM) index of national factory activity, the PMI, fell 3.2 percentage points to a reading of 49.4 last month. A reading below…