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Posted August 1, 2014

ISM manufacturing index up in July

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, according to the latest Manufacturing ISM Report On Business.


"The July PMI registered 57.1 percent, an increase of 1.8 percentage points from June's reading of 55.3 percent, indicating expansion in manufacturing for the 14th consecutive month," said Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee. 

The New Orders Index registered 63.4 percent, an increase of 4.5 percentage points from the 58.9 percent reading in June. The Production Index registered 61.2 percent, 1.2 percentage points above the June reading of 60 percent.

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