PMI Rises To 62 Percent

Economic activity in the manufacturing sector grew in July for the 14th consecutive month, while the overall economy grew for the 33rd consecutive month, according to the latest survey of purchasing managers by the Institute for Supply Management (ISM), Tempe, Ariz. ISM’s Purchasing Managers Index is 62 percent in July, an increase of 0.9 percentage point when compared to 61.1 percent in June.

“The manufacturing sector continues to grow at a rapid rate as the PMI has now been above 60

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