Manufacturing strong in June.
Home Textiles Today, July, 2005 by Hogsett, Don
Tempe, Ariz. -- The U.S. manufacturing sector showed surprising strength during June, reversing a May decline and making gains in most key areas, notably new orders, employment, and lower prices for raw materials and supplies, the nation's purchasing managers reported in a monthly gauge of manufacturing activity.
The Institute for Supply Management, a trade group made up of purchasing managers, the men who sign a company's checks, said its index of manufacturing activity rose 2.4 percentage points to a current level of 53.8 percent. Any reading over 50 percent indicates stepped up activity, while anything beneath that line indicates a contraction. While it's see-sawed up and down over the past 13 months, the index points to growing economic activity in the...
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