Total manufacturing sales rose 2.5% to $70.3 billion in July, following a modest 0.3% increase in June. The gain in July was mainly driven by higher sales of transportation equipment (+8.6%), petroleum and coal products (+6.2%) and primary metals (+3.5%). Meanwhile, sales of chemicals saw the largest decline, falling 2.5% in July. Despite the monthly increase, total sales were down 1.7% year over year.
On a constant dollar basis, sales were up 1.6% month over month in July, while the Industrial Product Price Index rose 0.7%.
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