Midwest NAPM Index Steady Overall

Manufacturing News, Source : TheManufacturer.com
Published : 08 Jul 2002 21:47

Manufacturing levels in the Midwest fell slightly to 58.2 in June from 60.8 in May, according to the Chicago-based National Association of Purchasing Management (NAPM) regional manufacturing index.

Despite the recent decline, the NAPM manufacturing index maintains its five-month trend above 50, indicating an expanding economy. Although consumer spending is weak, business spending and production are strong, and economists believe it can support long-term economic recovery.

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