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)
U.S. manufacturing expands again in July
By PAUL WISEMAN
| The Associated Press
First Published Aug 01 2014 08:57 am • Last Updated Aug 01 2014 10:56 am
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.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
About Reader Comments
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account
. See more about comments here.