US: Manufacturing Sector Activity Continued to Soften in July   

<p>The July ISM Manufacturing Index registered 46.4, a slight improvement over June’s 46.0 reading but short of the firming to 46.9 markets had expected. The new orders sub-index rose 1.7 percentage points (pp) to 47.3, while new export orders fell another 1.1 pp to 46.2. The backlog of orders sub-index registered 42.8, up from June’s […]</p>
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