The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for July remained level with June at 53.9, the twelfth consecutive month above the growth point of 50. Manufacturers reported further gains in new orders and output, though the pace of both slowed, while employment edged up slightly.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth. See S&P Global