RSS   Newsletter   Contact   Advertise with us

US manufacturing activity expanded in October

Staff Writer | November 2, 2018
Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
America manufacturing
America   Manufacturing ISM Report On Business
The report was issued by Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee: "The October PMI registered 57.7 percent, a decrease of 2.1 percentage points from the September reading of 59.8 percent.

The New Orders Index registered 57.4 percent, a decrease of 4.4 percentage points from the September reading of 61.8 percent.

The Production Index registered 59.9 percent, a 4 percentage-point decrease compared to the September reading of 63.9 percent.

The Employment Index registered 56.8 percent, a decrease of 2 percentage points from the September reading of 58.8 percent.

The Supplier Deliveries Index registered 63.8 percent, a 2.7-percentage point increase from the September reading of 61.1 percent.

The Inventories Index registered 50.7 percent, a decrease of 2.6 percentage points from the September reading of 53.3 percent. The Prices Index registered 71.6 percent, a 4.7-percentage point increase from the September reading of 66.9 percent, indicating higher raw materials prices for the 32nd consecutive month.


 

MORE INSIDE POST