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Manufacturing Expansion Cools in August as Headwinds Gather

U.S. manufacturing activity expanded for an eighth consecutive month in August, though momentum slowed. New orders and hiring softened as the PMI registered 54.6, indicating continued growth at a measured pace. This reflects emerging economic uncertainties flagged by industry leaders, who noted several warning signs across factory floors. Supply chain constraints persisted through the month, with delivery times remaining elevated. Employment growth decelerated, signaling manufacturers' cautious stance on workforce expansion. The sector maintains expansion territory, yet the combination of moderating orders, hiring restraint, and lingering supply challenges suggests manufacturers are bracing for potential headwinds ahead.