A reading above 50 demonstrates a growth in national manufacturing activity, while anything under 40 represents a reduction.
Despite the manufacturing index’s increase, the overall growth of the sector is still slow due to low business spending and weak economic expansion, reported WSJ.
“The bottom line is that the manufacturing sector still faces challenging conditions,” said Richard Moody, PhD, chief economist at Birmingham, Ala.-based Regions Financial.
More articles on supply chain:
Hospital bed company LINET buys majority stake in BORCAD Medical
Allergan buys licensing rights to AstraZeneca’s experimental treatment for $250M
FDA approves Teva’s generic HIV drug
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
