The U.S. manufacturing activity strengthened in July, reaching its fastest pace in more than four years and surpassing market expectations, according to the Institute for Supply Management (ISM), as reported by Dow Jones.
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The ISM Purchasing Managers' Index rose to 55.6 in July from 53.3 in June, beating analysts' expectations of 54. A reading above 50 signals expansion. The report said new orders grew for a seventh straight month, while order backlogs also increased.
Employment returned to expansion for the first time in 33 months, with the index climbing to 52.8. Meanwhile, the prices index remained in expansion territory but eased from June's level.
Related Tweet:
.@RealPNavarro: The ISM Report Confirms America's Manufacturing Revival https://t.co/h7ooqMCQx8
— Rapid Response 47 (@RapidResponse47) August 3, 2026
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TIPP Staff
