US factories are far from recession

Historically, even the most diverse economic downturns, let alone full-scale recessions, have thrown American manufacturers into deep funk. But right now, factories aren’t a source of gloom.

The Institute for Supply Management said on Monday its factory activity index came in at 52.8 last month, down slightly from 53 in June but still above the breakout point of 50. between the expansion and contraction of manufacturing.


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