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ISM Manufacturing Index Rises to 53.5 in June, Near Expectations

Wall Street Journal (07/01/15) Kathleen Madigan

U.S. manufacturers are boosting production, according to a survey by the Institute for Supply Management. Employment rose last month. The ISM’s purchasing managers index climbed from 52.8 in May to 53.5 in June. Economists polled by the Wall Street Journal had forecast an increase to 53.2. A reading above 50 indicates expansion.

The index is picking up after slowing in March and April. “We had some bumps in the road but we’ve turned the corner,” says Bradley J. Holcomb, who oversees the survey. “We’re in good shape for the rest of the year.”