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  1. 08-01-2012, 10:30 AM #1
    PracticalMan
    PracticalMan is offline Super Moderator
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    Default Manufacturing continues to grow in July

    The PMI registered 49.8 percent, an increase of 0.1 percentage points from June's reading of 49.7 percent, indicating expansion in the manufacturing sector for the second consecutive month, following 34 consecutive months of expansion. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

    Read the full report here.
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  2. 08-01-2012, 11:24 AM #2
    <jbc>'s Avatar
    <jbc>
    <jbc> is offline Stainless
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    Quote Originally Posted by PracticalMan View Post
    A reading ... below 50 percent indicates that it is generally contracting.

    Read the full report here.
    Where 'grow' means contracting less slowly. Just like the price of iron ore continues to rise:

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