US manufacturing activity expands for 12th straight month

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US manufacturing activity expands for 12th straight month

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08-02-2010, 09:55 PM

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US manufacturing activity expands for 12th straight month

The Institute for Supply Management’s (ISM’s) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for the 12th month in a row in July. The growth was better than the 54.2 analysts had forecast with the index dipping to 55.5 in July from 56.2 the previous month.However, while any reading above 50 indicates [...]

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