The ISM manufacturing index reaches 60.2 in June; Construction spending rose 0.4% in May



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  A worker uses a heat gun to smooth wrinkles on a car seat during production at the Lear Corp manufacturing plant in Hammond, Indiana.

Jim Young | Bloomberg | Getty Images

A worker uses a heat gun to smooth wrinkles on a car seat during production at the Lear Corp manufacturing plant in Hammond, Indiana.

A measure of US manufacturing activity surged in June Aluminum prices caused disruptions in supply chains, which lengthened the delivery time of the United States. merchandise.

The ISM Index of National Manufacturing Activity Index jumped from 58.7 in May to 60.2 in May. . A reading above 50 in the ISM index indicates an expansion of manufacturing, which accounts for about 12% of the US economy.

"Demand remains robust, but employment resources and supply chains continue to struggle," said Timothy Fiore, chairman of the ISM survey committee on manufacturing companies. "Respondents are extremely concerned about how pricing activities are affecting and will continue to affect their business."

The United States is engaged in commercial tariffs with its major trading partners, including China, Canada, Mexico and Mexico. the European Union. Analysts fear that tariffs could disrupt supply chains, undermine corporate investment and potentially eliminate fiscal stimulus measures from a 1.5 trillion tax reduction program of dollars.

President Donald Trump says his trading partners profit from the United States. ] The ISM Vendor Deliveries sub-index rose 6.2 points to 68.2 last month. An increase in the delivery time of suppliers is normally associated with increased activity, which is a positive contribution to the ISM index.

The index of new orders from the survey decreased, as did the measure of factory employment. The price index paid also declined last month.

U.S. Financial markets have been little affected by the data.

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