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The manufacturing economy cooled slightly in July while continuing to operate at a strong rate, the Institute for Supply Management said today.

Durable goods orders increased in June assisted by a gain in aircraft orders, the U.S. Commerce Department reported today.

Machine tool orders jumped in June as the industry enjoyed increases across various sectors.

Manufacturing boosted employment by 27,000 jobs in July, with durable goods doing the heavy lifting.

Manufacturing continued to operate at strong levels in April, the Institute for Supply Management said today.

Durable goods orders increased last month thanks to a surge in orders for commercial aircraft, the U.S. Commerce Department reported today.

Machine tool orders posted a slight decline in July on a monthly basis but a large gain compared to a year earlier.

The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.

For the U.S. auto industry, the party may not yet be over but it’s slowing way down.

Manufacturing should expand in the first half of 2020, including increased revenue for companies, the Institute for Supply Management said this week in a semi-annual forecast.