Overall US Economy Has 14th Consecutive Month of Growth
US manufacturers registered a 59.5 percent PMI® according to the July Manufacturing ISM® Report On Business®. That was down 1.1 percentage points from the June reading of 60.6 percent and the lowest reading since January. In the report, Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee says Business Survey Committee panelists reported that their companies and suppliers continue to struggle to meet increasing demand levels.
