The seasonally adjusted Milwaukee Report on Business decreased to 55.41 in August from 56.98 in July, the Institute for Supply Management-Milwaukee reported Thursday.

New orders received fell to 54.08 from 56.7, production grew to 59.84 from 57.39, employment decreased to 56.22 from 63.80, supplier deliveries slid to 65.76 from 68.30, and backlog of orders declined to 46.88 from 55.00.

Inventory levels rose to 41.18 from 38.64, customers’ inventories dipped to 31.25 from 31.58, prices fell to 70.59 from 77.27, exports rose to 59.09 from 56.67, and imports dropped to 55.00 from 66.67.

The blue collar diffusion index declined to 50.3 from 61.6, while the white collar diffusion index increased to 53.3 from 52.8.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.