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ISM: Manufacturing down again in August
US manufacturing activity contracted for a fifth straight month in August, Institute for Supply Management (ISM) said.
US manufacturing activity contracted for a fifth straight month in August, Institute for Supply Management (ISM) said.
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The index had briefly showed expansion in March, but has indicated a contracting manufacturing sector for 17 of the last 18 months.
Only three districts reported growth for the manufacturing sector: Atlanta, Philadelphia, and St. Louis.
“Without question, current conditions in the scrap markets remain challenging,” Tamara Lundgren, chairman and CEO, said.
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While the sale of aluminum scrap is declining, there's a surge in demand from consumers.