WASHINGTON—Manufacturing activity in the U.S. remained robust in July, but slowed somewhat compared with previous months due to supply chain strains, reports the Institute for Supply Management (ISM) in its latest Manufacturing Report on Business Purchasing Manager's Index (PMI).
The PMI fell to 59.5 in July from 60.6 in June. July's data suggest that the country's factory activity expanded at a solid clip, with four of the five subindexes that form the headline PMI above the 50-point threshold that indicates growth.