According to the Institute of Supply Management’s August Manufacturing Report on Business, the manufacturing sector expanded in August for the 32nd consecutive month, while the overall economy grew for the 75th month in a row. The positive readings came despite a slight drop in the PMI to 51.1%, a nearly two point drop from the number recorded in July (52.7).

Although the PMI remained at a rate that indicates economic expansion, all portions of the ISM report experienced detraction in August. The new orders index fell 4.8 points to 51.7%. The production index tumbled 2.4 points to 53.6%. The prices index took a five point hit, tumbling to 44% and inventories of raw materials slipped by one point to 48.5%.

Of the 18 manufacturing industries, 10 reported growth in August, including textile mills, fabricated metal products and machinery. Primary metals, transportation equipment and petroleum and coal products were a few of the six industries to report retraction.

Access the full report from the ISM here.