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U.S. manufacturing continues to contract, but new orders indicate potential future growth.
The ISM's August manufacturing PMI rose slightly to 48.7, indicating a sixth consecutive month of contraction in U.S. manufacturing.
New orders saw a significant uptick, rising to 51.4, suggesting increased future demand.
However, production fell to 47.8, and employment remained weak at 43.8.
Despite these mixed signals, 69% of manufacturing GDP still contracted in August.
The AI spending boom is helping offset some of the drag from tariffs.
Economists expect goods prices to rise further in the coming months.
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La industria manufacturera de EE.UU. continúa contrayéndose, pero los nuevos pedidos indican un potencial crecimiento futuro.