U.S. manufacturing and construction are growing steadily, according to estimates from the Institute for Supply Management and the Census Bureau released Monday.
The ISM manufacturing index registered 50.9 percent for June, indicating expansion, after showing contraction in May. The survey of 300 manufacturing companies also showed growth in the overall economy and in new orders for factories. Manufacturing employment, however, fell for the first time since September 2009, according to the survey. The survey’s results were roughly in line with economists’ expectations.
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