ISM finds trade fights pushing manufacturing growth to three-year low
The numbers: American manufacturers grew in July at the slowest pace in three years thanks to festering U.S. trade disputes that have hurt exports and undermined the global economy.
What happened: New orders rose a bit faster, but they aren’t growing much. The new-orders index edged up to 50.8% last month from 50%.Read: Jobless claims climb 8,000 to 215,000 at end of July, but layoffs still extremely low Many have tried to move some operations in China to other countries, but the transition has been difficult and disruptive.
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