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Brexit Impact on U.S. Manufacturing

Survey shows manufacturers expect to continue to grow, despite turmoil in global financial markets.

By Victoria Stilwell, Bloomberg | Updated on July 01, 2016

American factories in June were well on the way to recovery from the deleterious effects of a stronger dollar and plunge in oil prices. Then came Brexit.

The latest survey of purchasing managers by the Institute for Supply Management showed manufacturers were continuing to receive more orders and boost production last month after slumping for much of last year. The Tempe, Arizona-based group’s factory index climbed in June to the highest level since February 2015, figures showed Friday.

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