The US manufacturing stagnated during summer, falling to 50 points in July and to 49.9 points in August, although August was revised higher to 50.3 points later. Since then manufacturing PMI strengthened until December, but manufacturing activity has slowed in January and February and it fell in contraction at 36.1 points in March, as coronavirus spread in the US. April should be worse, but manufacturing is still holding up better than services and it improved to 39.8 points in May and again to 49.6 points in June 2020, which was revised higher to 49.8 points, but that's still a contraction for this sector. Although,  manufacturing has reversed and has been surging since then, and remained above 60 points until recently. The PMI indicator has declined below 50.0 points which means stagnation and this month it is expected to fall further. Please follow us for live coverage of this event by experienced market analysts.