The U.S. Electrical Equipment, Appliances & Components manufacturing industry reported growth in June 2013, according to data from ISM. Electrical Equipment, Appliances & Components was one of 12 manufacturing industries--out of 18 total manufacturing industries tracked in the Manufacturing ISM Report On Business--reporting growth in June.
Economic activity in the overall United States manufacturing sector expanded in June 2013, which comes after a month of contraction in May 2013, according to the ISM report. The report also showed that the overall economy expanded for a 49th month in row.
Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee, said the overall index of manufacturing in the United States, the PMI, was at 50.9% in June 2013. This was up 1.9% from May's 49%, and said this indicated expansion in manufacturing for the fifth time in the first six months of 2013.
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