Manufacturing Sector Expands in June

According to the ISM, Institute for Supply Management Report for July 1, 2011, the U.S. Manufacturing sector expanded in June for the 23rd consecutive month and the overall economy grew for the 25th consecutive month.

New orders and production were both up modestly from the previous month, and of the 18 manufacturing industries, 12 reported growth in June.     Commodities such as copper, copper based products, nickel and stainless steel were down in price, while commodities such as aluminum, natural gas and plastics went up in price.

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The data is compiled from supply and purchasing executives nationwide.     As of the date of the article it was expected that the Manufacturing sector would expand in the 3rd and 4th Quarter..