FXstreet.com (Barcelona) - Economic activity in the manufacturing sector has grown in June after four months of contraction, according to the latest Manufacturing ISM Report on Business.
Manufacturing expanded in June, as the PMI rose to 50.2, inches above 50, which marks the boundary between expansion and contraction of the sector's activity. June's increase has followed four consecutive months of contraction, in May, the PMI was 49.6.
The new orders index has edged down to 49.6 in June from 49.7 in May, while the production index rose to 51.5 in June from 51.2 in May. The employment index has dropped 1.8 points to 43.7 points. The prices index has risen to 91.5, its highest level since the 93.2 in July 1979.