U.S. Manufacturing Activity Slows Down

July 3, 2006
Confounding market expectations of a rise, the U.S. manufacturing sector grew at a slower pace in June, the Institute for Supply Management reported July 3. The ISM manufacturing index dipped to 53.8% in June from 54.4% in May. Readings above 50 ...

Confounding market expectations of a rise, the U.S. manufacturing sector grew at a slower pace in June, the Institute for Supply Management reported July 3.

The ISM manufacturing index dipped to 53.8% in June from 54.4% in May.

Readings above 50 indicate expansion, so the report showed growth in the industrial economy, but at a slower pace than in the previous month.

The figure surprised analysts who had expected a rise to 55%.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Learn How Manufacturers like 3M Cater to Digital Buyers to Increase Sales

Aug. 13, 2023
In this article, you'll learn how manufacturers can balance educating and guiding their buyers through their complex buying process with a digital first approach to product discovery...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!