Manufacturing hits highest level in 12 months, reports ISM
Logistics Management
AUGUST 3, 2020
In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, came in at 54.2 (a reading of 50 or higher indicates growth), for a 1.6% gain over June’s 52.6, with June snapping a three-month stretch of PMI declines. The July PMI also represents the highest PMI reading over the last 12 months and is 5.6% higher than the 12-month average of 48.6.
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