ISM: US manufacturing continues to hum despite supply chain challenges
1 Jul 2021
U.S. factory activity continued its robust expansion in June even as companies and suppliers struggled to meet increasing levels of demand amid constraints for raw materials, labor and supply chain services, according to the Institute for Supply Management.
Manufacturing has grown for 13 consecutive months, spurred by consumer spending on goods over services and brands desperately trying to keep up and rebuild stocks depleted during the pandemic last year. The supply management organization said backlogs increased at a slower rate in June, in spite of strong new order levels.