ISM Manufacturing PMI ticks higher, beats consensus, Modest miss for PMI manufacturing index

• August ISM Manufacturing Index: 59.9 vs 59.0 expected and 59.5 prior.
• New Orders to 66.7 from 66.0.
• Production to 60.0 from 58.4.
• Employment to 49.0 from 52.0.
• Supplier Deliveries 69.5 from 72.5.
• August PMI Manufacturing Index: 61.1, vs. 61.2 consensus, 63.4 prior.
• PMI gauge was slightly softer than that seen in July, the expansion was supported by steep upturns in production and new orders.
• New orders continued to increase midway through the third quarter, as client demand rose markedly.