Survey: US factory activity rises to near a 3-year high

Washington • U.S. factories expanded at a robust pace in June, a likely sign of strength for the U.S. economy as new orders, production and employment each improved. The Institute for Supply Management says its manufacturing index rose to 57.8 last month from 54.9 in May. Anything above 50 signals that factory activity is increasing. The measure now stands at its highest level since August 2014, pointing to solid economic growth. Fifteen of 18 manufacturing industries surveyed by ISM posted grow...

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