Southeastern Wisconsin’s manufacturing sector contracted for the first time in two years in July amid growing concerns of an economic slowdown.
The Marquette-ISM Report on Manufacturing’s Milwaukee-area PMI came in at 49.42 in July. A reading above 50 suggests the region’s manufacturing sector is growing while figures below 50 suggest it is shrinking.
The July reading is the first below 50 figure for the index since July 2020 when the region was still emerging from the initial lockdowns of the COVID-19 pandemic.
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