01192018Fri
Last updateThu, 18 Jan 2018 7pm

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Manufacturing & The Economy

ISM: U.S. Manufacturing at Highest Level Since Aug. 2014

Manufacturing expanded in June as the PMI registered 57.8%, an increase of 2.9% from the May reading of 54.9% and its highest level since August 2014, when it registered 57.9%. This indicates growth in manufacturing for the 10th consecutive month. The June PMI also indicated growth for the 97th consecutive month in the overall economy.

“Comments from the panel generally reflect expanding business conditions; with new orders, production, employment, backlog and exports all growing in June compared to May and with supplier deliveries and inventories struggling to keep up with the production pace,” said Timothy R. Fiore, CPSM, C.P.M., chair of the Institute for Supply Management (ISM) manufacturing business survey committee. 

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