The latest ISM manufacturing report delivers a simple message: America’s factory floor is continuing its robust tariff- and tax cut-induced renaissance.
The July ISM Manufacturing PMI jumped 2.3 points to 55.6, well above market expectations and comfortably above the 50 line that separates expansion from contraction. This was the seventh straight month of expansion and the strongest reading since May 2022.
That is not noise. That is a trend.
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