Economists cautioned that the outlook is clouded by spreading infections in the U.S. in the South, West and Midwest.
Catch up on the developing stories making headlines.WASHINGTON -- U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory.
While it was the second straight month that the index has been above the 50 threshold, indicating manufacturing is expanding again, economists cautioned that the outlook is clouded by spreading infections in the U.S. in the South, West and Midwest. Timothy Fiore, chair of the ISM manufacturing survey committee, said it was encouraging that positive comments from survey participants were running two to one ahead of more cautious comments.
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