Manufacturing growth continues positive streak

Special to The Freeman

July 31, 2014

MILWAUKEE Manufacturing growth in southeastern Wisconsin and northern Illinois experienced another positive month, according to a survey by Marquette University's Center for Supply Chain Management and the local chapter of the Institute of Supply Chain Management.

In fact, the seasonally adjusted purchasing managers index was 63.87, up from 60.57 in June, the data showed. An index score above 50 indicates growth in market conditions, and below 50 shows decline.
New orders were 76.56 in July, up from 60.27 in June, and the measure of employment was 56.69, down slightly from 60.50 the month before.

The majority of survey respondents have positive expectations for the next six months. Approximately 37.5 percent of respondents expect positive conditions, 56.3 percent expect conditions to remain the same and 6.3 percent expect conditions to worsen within the next six months.