Manufacturing, building rose in June

U.S. manufacturing activity surged in June, but a strong economy and import tariffs were causing bottlenecks in the supply chain, which could weigh on production in the months ahead. Other data Monday showed construction spending increasing solidly in May, although investment in April was not as robust as initially thought. The Institute for Supply Management said its index of national factory activity jumped to a reading of 60.2 last month from 58.7 in May.


Source: The Washington Post

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