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BYLINE: Thomas L. Gallagher
Economic activity in the manufacturing sector expanded in June for the fifth consecutive month, according to a survey of supply executives.
With a PMI Index at 56 percent, up from 55 in May, new orders, production and employment are growing; inventory growth is contracting, and deliveries are faster, according to the Manufacturing ISM Report On Business for June. The report was issued July 2 by Norbert J. Ore, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee. "Following a weak first quarter, the manufacturing sector rebounded in a strong fashion during the second quarter. In June, …