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Manufacturing has best month since August
CommentsBrighter news on manufacturing is offering more hope that the longest recession since World War II is near an end. But with construction and many other segments of the economy still weak and unemployment rising, any rebound likely will be slow.
A key gauge of manufacturing showed Wednesday that industry activity declined less than expected in June. The Institute of Supply Management’s manufacturing index posted a 44.8 – the best showing since last August, a month before the financial crisis erupted with force. Manufacturing sectors overseas also signaled a bit of a rebound.
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We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service.
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