AP NEWS
Related topics

Manufacturing Grows for 5th Month

July 1, 2002

%mlink(STRY:; PHOTO:; AUDIO:%)

NEW YORK (AP) _ Manufacturing activity grew for a fifth straight month in June and at a faster pace than the previous month, signaling continued strength in the battered sector, an industry group reported Monday.

The Tempe, Ariz.-based Institute for Supply Management said its index of business activity rose to 56.2 percent in June from 55.7 percent in May. Analysts had been expecting a reading of 55.5.

An index above 50 signifies growth in manufacturing, while a figure below 50 shows contraction.

AP RADIO
Update hourly