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https://www.barrons.com/articles/manufacturing-purchasing-managers-index-ge-eaton-stocks-51659365559

Manufacturing growth slowed in July. Investors don’t seem to care. They have been snapping up shares of cyclical industrial stocks anyway, betting on a growth rebound.

The Institute for Supply Management’s Purchasing Manager Index, a key gauge of U.S. manufacturing activity, was 52.8 for July. A level above 50 indicates growth for the sector, but the latest reading was from 53 in June and down from where it started the year at a level of about 58.

Manufacturing growth slowed in July.

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