• US manufacturing jumps for a second straight month, construction spending rises

    8 monthes ago - By CNBC

    The Institute for Supply Management's index was expected to fall in June.
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  • US factories register faster-than-expected growth in June

    8 monthes ago - By Chron

    WASHINGTON - American manufacturing 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. That's the highest level since February and up from 58.7 in May. Anything over 50 signals growth, and U.S. factories are on a 22-month winning streak.
    Production and new export orders grew faster in June. Hiring and new orders overall grew, but more slowly than they did in May.
    Seventeen of 18 manufacturing industries reported growth last...
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