Mexican Media Brands
American Manufacturing Growth Picks Up
U.S. factory activity expanded in July at the fastest pace in two years, spurred by rising new orders, according to the Tempe, Ariz.-based Institute for Supply Management.
#economics
Share
U.S. factory activity expanded in July at the fastest pace in two years, spurred by rising new orders, according to the Tempe, Ariz.-based Institute for Supply Management.
The research group's index of manufacturing rose to 55.4 last month from 50.9 in June. Any reading above 50 indicates expansion.
ISM says manufacturers are hiring new workers and paying lower prices for raw materials. The group's gauge of production surged 11.6 points to 65, the highest reading for that measure since May 2004.
Economists say faster manufacturing growth could accelerate the sluggish U.S. economy.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.