<!-- wp:paragraph -->
<p>The manufacturing sector stayed soundly in expansion territory in June, as the ISM Manufacturing Index registered a strong reading of 60.6.&nbsp; Out of the 18 manufacturing industries surveyed, all but one reported growth last month.&nbsp; It wasn’t all good news, however, as the Prices Paid Index reflected mounting inflation pressures by surging to the highest level since 1979!&nbsp; The Institute for Supply Management expands on some of the reasons behind soaring prices by stating, “<em>Record-long raw-material lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to affect all segments of the manufacturing economy.</em>”&nbsp;</p>
<!-- /wp:paragraph -->

<!-- wp:image {"align":"center","id":9128,"width":700,"height":368,"sizeSlug":"large","linkDestination":"none"} -->
<div class="wp-block-image"><figure class="aligncenter size-large is-resized"><img src="https://ns2020-investech.investech.com/wp-content/uploads/2021/07/ISM-Mfg-Prices-Paid-June-2021-1.jpg" alt="" class="wp-image-9128" width="700" height="368"/></figure></div>
<!-- /wp:image -->

<!-- wp:image {"id":9102,"sizeSlug":"large","linkDestination":"none","className":"is-style-default"} -->
<figure class="wp-block-image size-large is-style-default"><img src="https://ns2020-investech.investech.com/wp-content/pdf_files_wp/vol202012-ss_111040562_sleighhorse.jpg" alt="" class="wp-image-9102"/></figure>
<!-- /wp:image -->

<!-- wp:separator -->
<hr class="wp-block-separator"/>
<!-- /wp:separator -->

<!-- wp:paragraph -->
<p>Also available in <a href="https://ns2020-investech.investech.com/wp-content/pdf_files_wp/20210701-ISMs-1.pdf" target="_blank" rel="noreferrer noopener">PDF format</a>. </p>
<!-- /wp:paragraph -->