Monthly Survey of Manufacturing, August 2024

Following a 1.1% increase in July, total manufacturing sales decreased 1.3% to $69.4 billion in August, the lowest level since January 2022, mainly on lower sales in the primary metal (-6.4%) and petroleum and coal product (-3.7%) subsectors. Meanwhile, production of aerospace products and parts (+7.3%) and sales of wood products (+3.8%) increased the most. With the decrease in August, monthly sales were down 4.4% on a year-over-year basis.

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