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US manufacturing expands for seventh month in a row: ISM
['Jeff Kinney']
Supply Chain Dive - Latest News
The July reading of the Production Index at 58.5% was 6.3 percentage points higher than June’s reading of 52.2%.
The Backlog of Orders Index registered 55%, up 4.5 percentage points compared to the 50.5% recorded in June.
The manufacturing industry added 3,000 jobs in June, a small improvement from May.
The Supplier Deliveries Index reading of 58.9% was up 1.5 percentage points from its June reading of 57.4%.
“We are seeing a very opportunistic and reactive marketplace,” said one respondent in the chemical products industry.