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Posted August 1, 2016

Manufacturing expands for 5th straight month

Manufacturing expanded in July as the Institute for Supply Management purchasing index registered 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent.


A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

"Manufacturing registered growth in July for the fifth consecutive month, as 12 of our 18 industries reported an increase in new orders in July (same as in June), and nine of our 18 industries reported an increase in production in July (down from 12 in June)," said Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee.

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