US manufacturing sector barely expanding—ISM

WASHINGTON—The US manufacturing sector barely expanded for the second month running in August, according to a closely watched index released Thursday, in the newest sign of a stalled economy.

The Institute of Supply Management’s indexed survey of purchasing managers was at 50.6 percent, down from 50.9 percent in July, with a reading above 50 indicating growth.

The ISM said overall sentiment in the manufacturing sector “is one of concern and caution over the domestic and international economic environment, which is affecting customers’ confidence and willingness to place orders, at least in the short term.”