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U.S. Manufacturing Gains, Despite Tariff-Related Concerns

Tuesday, July 3, 2018
 

The Institute for Supply Management (ISM) said on Monday its index of national factory activity jumped to a reading of 60.2 last month from 58.7 in May. A reading above 50 in the ISM index indicates an expansion in manufacturing, which accounts for about 12 percent of the U.S. economy.

"Demand remains robust, but the nation's employment resources and supply chains continue to struggle," says Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee. "Respondents are overwhelmingly concerned about how tariff-related activity will affect their business."

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