Exports and imports continue solid growth through July

August 1, 2017 – Against continued solid growth in the manufacturing sector and overall economic growth, new export orders and imports both grew in July, according to the latest Institute of Supply Management (ISM) Report on Business.

export chart

β€œThe sliding dollar and continued expansion of our economy, bolstered exports in July,” said Frederick Baehner, IBNewsmag publisher.

New export orders came in at 57.5 percent in July, down slightly from the 59.5 percent reported for June, indicating growth in new export orders for the 17th consecutive month.

Imports registered 56 percent in July, an increase of 2 percentage points when compared to the 54 percent reported for June, indicating that imports grew in July for the sixth consecutive month.

IBNewsmag covers 12 Heartland states and Chicago with information to help small to medium sized exporters (SMEs) grow their international business. www.ibnewsmag.com

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