Manufacturers in the Milwaukee area continued to increase their production in July, but at a slightly slower pace than June.
The Institute of Supply Management (ISM) Milwaukee’s Seasonally Adjusted Purchasers Managers Index dipped to 59 in July from June’s PMI of 61. (Still, any number above 50 indicates expansion.)
According to the index, new orders, production, employment, supplier deliveries and prices increased in July, but at a slower rate than they increased in June. Customer inventories declined, while the backlog of orders improved. Exports were stable with June’s level, while imports increased.
The survey monitors manufacturing activity in southern Wisconsin and northern Illinois.
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