July’s survey data highlights that the U.S. manufacturing recovery stepped up a gear at the start of the third quarter, largely driven by the fastest rise in overall new business volumes since March. However, there were signs that manufacturers remained cautious regarding the business outlook, as purchasing activity expanded at the slowest pace for 18 months and job creation eased to a threemonth low in July. Meanwhile, input cost inflation remained subdued and factory gate charges increased only marginally during the latest survey period. At 53.8 in July, the final seasonally adjusted Markit U.S. Manufacturing ... (full story)