Quantcast
Home » News » Justice
Home » News » Justice

U.S. manufacturing expands again in July

First Published Aug 01 2014 08:57AM      Last Updated Aug 01 2014 10:56 am

In this July 16, 2014 photo, a welder fabricates anchor bolts for roads and bridges at the custom manufacturer Fox Company Inc. in Philadelphia. The Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for July on Friday, Aug. 1, 2014. (AP Photo/Matt Rourke)

Washington • U.S. manufacturing expanded for the 14th straight month in July.

The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index rose to 57.1, up from 55.3 in June.

Anything above 50 signals that manufacturing is growing.

New orders, production and employment at factories rose. Exports declined last month.

The U.S. economy has been showing renewed strength. Economic growth clocked in an impressive 4 percent annual pace from April through June after getting off to a bad start the first three months of the year. And employers added more than 200,000 jobs in July for the sixth straight month.



 

 

 

 

comments powered by Disqus