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US Manufacturing Gained in July, but Future Growth Depends on New Orders

from By Chelsea Adams

Manufacturing continues to expand, but a lack of business spending may be a cause for concern going forward, some economists say. Manufacturing expanded for the fifth month in a row in July, while the economy as a whole grew for the 86th consecutive month. That's according to the Institute for Supply Management's July 2016 Manufacturing Report on Business. Most of the indicators in the report showed little month-over-month growth or decline. more

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