Manufacturing strong in June

TEMPE, Ariz. -- The U.S. manufacturing sector showed surprising strength during June, reversing a May decline and making gains in most key areas, notably new orders, employment, and lower prices for raw materials and supplies, the nation's purchasing managers reported in a monthly gauge of manufacturing activity.

The Institute for Supply Management, a trade group of purchasing managers, said its index of manufacturing activity rose 2.4 percentage points to a current level of 53.8 percent. Any reading over 50 percent points to stepped up activity, while anything beneath that line indicates a contraction. While it's see-sawed up and down over the past 13 months, the index points to growing economic activity in the manufacturing sector for a 25th straight month.In a particularly good piece of news, the prices that manufacturers pay for raw materials and supplies is growing at far slower pace, the index declining markedly, 7.5percentage points, to a level of 50.5, down from 58 in May and 73 in March.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!