August 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. improved marginally in July when compared with June, according to a survey by the Institute for Supply Management (ISM), amid improvement in new orders. However, the reading for employment reached its lowest level in three years, indicating slower hiring and ongoing layoffs. Still, Industrial Info is tracking more than $16 billion worth of Industrial Manufacturing Industry projects that kicked off in July.
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