TEMPE, AZ—American factories expanded at an unexpectedly fast pace in June, another sign of strength for U.S. industry. The Institute for Supply Management, a trade group of purchase managers, says its manufacturing index rose last month to 60.2, the highest level since February and up from 58.7 in May.
WASHINGTON--The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its manufacturing index slipped to 59.3 last month from February's reading of 60.8, which had been the highest since 2004. Any score above 50 signals growth.
TEMPE, AZ——Manufacturing in the United States expanded in February at the fastest pace since August 2014, as factory managers reported stronger orders and production. The Institute for Supply Management’s index climbed to 57.7, the sixth straight advance, from 56 a month earlier, the group’s report showed last Wednesday.
WASHINGTON—Despite blizzards, ice storms and floods, U.S. manufacturing conditions improved significantly in February. The Institute for Supply Management found that new factory orders, deliveries and inventories improved during February to create an overall index of 53.2, up from 51.3 in January. Any index figure over 50 signals economic growth.