By — Martin Crutsinger, Associated Press Martin Crutsinger, Associated Press Leave a comment 0comments Share Copy URL https://www.pbs.org/newshour/economy/u-s-manufacturing-shows-further-improvement-in-july Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter U.S. manufacturing shows further improvement in July Economy Aug 3, 2020 10:41 AM EDT WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising for a second straight month. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. manufacturing is expanding. WATCH: America’s COVID-19 economy struggles as cases climb The June increase had put the index back in expansion territory after it dipped below 50 in March, indicating a recession in manufacturing as the coronavirus pandemic shut down the economy. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Martin Crutsinger, Associated Press Martin Crutsinger, Associated Press
WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising for a second straight month. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any reading above 50 signas that U.S. manufacturing is expanding. WATCH: America’s COVID-19 economy struggles as cases climb The June increase had put the index back in expansion territory after it dipped below 50 in March, indicating a recession in manufacturing as the coronavirus pandemic shut down the economy. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now