Category: Recovery

Manufacturing Recovery Was Much Stronger Than Expected in June
,

Manufacturing Recovery Was Much Stronger Than Expected in June

Factory activity in the U.S. surged higher than expected in June, suggesting that the broader economy grew for the second consecutive month after April’s contraction. The Institute for Supply Management’s index of manufacturing activity jumped 9.5 percentage points to 52.6 in June. The gauge of new orders rose 24.6 points to 56.4, the largest ever…

Read More