U.S. Factories Are Far From Recession

Historically, even garden-variety economic slowdowns, much less full-blown recessions, have sent U.S. manufacturers into a deep funk. But right now, factories aren’t a source of gloom.

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

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