Economy
July 1, 2014
Manufacturing Advanced Again in June
Written by Peter Wright
The Institute of Supply Management released their June report on July 1st. The June PMI registered 55.3 percent, down slightly from 55.4 percent in May. Any number > 50 indicates expansion and this was the thirteenth straight month for which this was the case. The three month moving average (3MMA) advanced for the third consecutive month from 54.7 in May to 55.2 in June meaning that the expansion accelerated, (Figure 1).
