NEW YORK (AP) -- A gauge of the nation's manufacturing sector contracted in August.
The Institute for Supply Management says its closely-watched manufacturing index fell to 49.9, down one-tenth of a percent from July. A reading below 50 indicates contraction.
The snapshot has been hovering near 50 this year, indicating flat activity.
The group's inflation index hit a six-month low. For the first time in months, there were more items on the list of falling commodities costs, including corn, fuel oil, natural gas and copper.
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