U.S. Manufacturing Activity Expands to 18-Month High

by U.S. manufacturing activity in July expanded to its highest level in nearly 18 months as orders and production rose despite a resurgence in global Covid-19 cases. The Institute for Supply Management’s factory index, the PMI, increased by 1.6 percent in July to 54.2. Any reading above 50 indicates expansion. New orders reached 61.5 percent, … Continue reading U.S. Manufacturing Activity Expands to 18-Month High