1 September 2026
August’s manufacturing PMI dips to 54.6; supply chain constraints persist

U. S. manufacturing activity remained supportive of freight demand for an eighth straight month in August, but by a lesser degree than in July. Growth cooled for some key components like new orders, but the slowdown could be tied to companies pulling forward inventories ahead of tariff implementations earlier this summer. A survey of manufacturing supply executives returned a 54.
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