Even with a slight decline from June, manufacturing growth remained intact in July to kick off the second half of 2016, according to the most recent edition of the Manufacturing Report on Business released today by the Institute for Supply Management (ISM).
The PMI, the index used by the ISM to measure growth, was 52.6% (a reading of 50 or higher indicates growth), in July, down slightly from June’s 53.2, which marked the highest level going back to February 2015, when it was at 53.3.
