Southeastern Wisconsin’s manufacturing sector continued contracting in August, marking the second straight month the sector has shrank after an extend run of growth.
The Milwaukee-area PMI in the latest Marquette-ISM Report on Manufacturing came in at 48 for August, down from 49.42 in July. A reading above 50 suggests the region’s manufacturing sector is growing while sub-50 readings indicate contraction.
The index had been on a strong run of growth, topping 50 every month since August 2020. Even with two months below 50, the index has averaged 52.4 over the past six months.
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