The U.S. manufacturing barometer declined more than anticipated in July, marking the fourth consecutive month of contraction in the sector and the worst one since December 2023, according to the Institute for Supply Management (ISM). The struggles in the manufacturing sector continued to contrast with the health of the overall economy, which is experiencing expansionary conditions driven by the growth in the services sector. July marks the 20th month of contraction in the U.S. manufacturing sector over the past 21 months. July ISM Manufacturing PMI Report: Key HighlightsThe ISM Manufacturing P…
