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SPSM - Labor Materials And Logistical Struggles Continue For The Manufacturing Sector
SPDR Portfolio Small Cap
The ISM’s Manufacturing Purchasing Managers’ Index rose to 59.9 in August, up 0.4 points from 59.5 percent in July and equal to the average over the last 12 months.
Among the key components of the survey, the New Orders Index increased to 66.7 percent from 64.9 percent in July.
The Production Index registered a 60.0 percent result in August, a gain of 1.6 points from 58.4 percent in July. The index has been above 50 for 15 months.