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US manufacturing improves in July, future clouded by virus - Black News Channel

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. 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. The index dipped below 50 in March, indicating a recession in manufacturing as the coronavirus pandemic shut down factories. The overall economy fell into a recession in February and the government reported last week that the […]

The post US manufacturing improves in July, future clouded by virus appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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