Labor & Economic News Blog
Monday, July 02, 2007
U.S. manufacturing sector set to expand
U.S. manufacturing sector set to expandThe nation's factories, plants and utilities expanded at a faster pace in June, suggesting hardy consumer spending is boosting confidence among manufacturers even as prices for raw materials rise. The Institute for Supply Management said Monday that its manufacturing index rose to 56 in June. The reading marked the fifth consecutive month of growth for the manufacturing sector and the 68th consecutive month of growth for the overall economy.
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