Manufacturers encounter roadblocks as ISM index declines in July

By MarketWatch

Aug 02, 2018

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American manufacturers grew somewhat less rapidly in July, held back by shortages of skilled labor, higher costs for raw materials due to tariffs and difficulty getting enough transportation.

The Institute for Supply Management said its manufacturing index dipped to 58.1% in July from 60.2%. That’s the lowest reading since April, though it’s still a strong number overall.

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