Overall manufacturing activity up in July

According to a report from the Institute for Supply Management, economic activity in the manufacturing sector grew in July for the second straight month while the overall economy grew for the 50th consecutive month. The Institute's New Orders Index, Production Index and Employment Index increased, and a drop in overall raw material prices led to a decrease in the Prices Index. Food and beverage was among 13 of 18 manufacturing industries reporting growth in July. To read the full report, click here.