ISM Manufacturing Survey: US Gains Modest

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The United States reported its ISM Manufacturing Survey figure for July was 52.6. The ISM Manufacturing Index is based on surveys of more than 300 manufacturing firms by the Institute of Supply Management. The Index monitors employment, production, inventories, new orders and supplier deliveries. Any number greater than 50 indicates expansion in manufacturing. While this month’s report indicates that the manufacturing sector is still expanding nationally, it was notably below last month’s figure of 53.2. It was also lower than experts had expected, with some predicting a figure of 53. Read more on the report.