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U.S. manufacturing market improved in August


The U.S. ISM manufacturing index was steady at 52.8 in August, the same as the previous value and at a more than two-year low, but better than market expectations of 52. During the period, the new orders and employment sub-index resumed expansion, reflecting that companies showed few signs of layoffs, freezing hiring or reducing staff through attrition, but continued to feel uneasy about the weak economy. What is more noteworthy is that the price sub-index fell for five consecutive months to 52.5, reflecting the further slowdown in price inflation, which will help strengthen the market's expectations that inflation may peak. Confidence in the US manufacturing industry has stabilized, continuing to support the performance of the dollar.
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