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Textiles Mills Report Growth in August as US Manufacturing Declines

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Economic activity in the U.S. manufacturing sector fell in August, supply executives said in the latest Manufacturing Institute for Supply Management (ISM) “Report on Business.” But textile mills bucked the trend. U.S. manufacturing contracted in August, as the Purchasing Managers Index (PMI) fell 2.1 percent to 49.1 percent. This is the lowest reading since January…

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