The seasonally adjusted Milwaukee Report on Business increased to 61.66 in July from 60.18 in June, the Institute for Supply Management-Milwaukee reported Tuesday.
“Continued inflationary pricing increase, opportunistic increases and tariffs impacting costs and difficult to recover from customers, according to respondents.
New orders received slid to 56.63 from 61.25, production fell to 56.17 from 59.33, employment gained to 62.57 from 60.79, supplier deliveries grew to 80.15 from 77.86, and backlog of orders rose to 63.33 from 62.50.
Inventory levels gained to 52.78 from 41.67, customers’ inventories fell to 28.57 from 36.67, prices rose to 91.67 from 88.89, exports decreased to 46.15 from 50.00, and imports fell to 62.50 from 66.67.
The blue collar diffusion index fell to 49.0 from 56.0, while the white collar diffusion index slipped to 57.1 from 58.1.
