Jul 24, 2016
A new preliminary report shows U.S. manufacturing rising this month at its fastest pace since November 2015, following a post-Great Recession low in May, according to the financial information services provider Markit.
Its Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) rose to 52.9 in July following a final reading of 51.3 in June, its best reading since October. The numbers point to what the report says are “a solid improvement in overall business conditions.” A reading above 50 indicates expansion while below 50 shows contraction.
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