the Institute for Supply Management

The Institute for Supply Management: The Institute for Supply Management said Monday that its index of factory activity increased to 50.9 in June. That's up from 49 in May, which was the lowest reading in four years, according to Times Colonist. A measure of export orders jumped to 54.5 from 51. That may be a response to growth in Japan and some European countries, economists said and WASHINGTON - U.S. manufacturing activity grew in June behind a pickup in new orders, exports and production. Better economic growth overseas is boosting U.S. exports and could help American factories rebound in the second half of the year. A reading above 50 suggests growth, while those below indicate contraction. (www.immigrantscanada.com). As reported in the news.