The service and manufacturing sectors went in different directions in August, according to data released Wednesday. The IHS Markit flash manufacturing purchasing managers index fell to a two-month low of 52.5 from 53.3 in July, while the services PMI rose to a 28-month high of 56.9, up from 54.7 in July. Any reading above 50 indicates improving conditions. The flash responses are based on about 85% to 90% of total PMI survey responses each month.
Continue Reading Below
Copyright © 2017 MarketWatch, Inc.