The seasonally adjusted Milwaukee Report on Business surged to 51.6 in June from 40.7 in May, the Institute for Supply Management-Milwaukee reported Friday.

New orders received rose to 49.5 from 33.1, production soared to 50.0 from 35.7, employment increased to 49.4 from 44.3, supplier deliveries gained to 54.9 from 48.3, and backlog of orders increased to 45.7 from 43.5.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.