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PMI down 1.5 percent from June, and overall economy grew.
Construction spending down 1.3 percent from May.
Raw materials price index dropped 3.7 percent due to lower prices for crude energy products.
Stephens previously led Motor City Industrial's acquisition of EMCO.
Year-to-date sales down 11.7 percent compared to same period in 2016.
The price index for gross domestic purchases increased 0.8 percent.
Year-to-date sales up 9.8 percent year-over-year.