ism report on business july 2006 e conomic activity in the manufacturing sector grew for 38th consecutive month while overall economy 57th say nation s supply executives latest growth accelerated driven by an upswing production following june increase new orders employment expanded after a one decline inven tories two months of contraction message is that proving to be quite resilient face higher interest rates and weak ening consumer spending strong demand continues put upward price pressure primary metals including copper nickel top performing industries 12 reporting listed order are food beverage & tobacco products electrical equipment appli ances components chemical furniture related miscellaneous manu facturing petroleum coal computer elec tronic paper plastics rubber nonmetallic mineral machinery pmi data this was collected at 54 7 growing inventories deliveries slowing b usiness