Leather industry shares in US manufacturing growth
The leather industry was among those to report a rise in activity in the July Manufacturing Report on Business, from the US Institute of Supply Management (ISM).
The sector was one of 18 industries to report an increase in output, even if it was also one of 19 to report increased prices. Within the report, the closely-watch PMI (Purchasing Managers’ Index) for all industries registered 62% for the month, an increase of 0.9 percentage points over June, where an index above 50 represents growth and below 50 decline.
“The manufacturing sector continues to grow at a rapid rate as the PMI has now been above 60% for nine consecutive months,” commented Norbert J. Ore, chair of the
