Economic activity in the manufacturing sector expanded in October for the 17th consecutive month, and the overall economy grew for the 65th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. “The October PMI® registered 59 percent, an increase of 2.4 percentage points from September’s reading of 56.6 percent, indicating continued expansion in manufacturing. The New Orders Index registered 65.8 percent, an increase of 5.8 percentage points from the 60 percent reading in September, indicating growth in new orders for the 17th consecutive month. The Production Index registered 64.8 percent, 0.2 percentage point above the September reading of 64.6 percent.
Contracting Manufacturing Industries:
- Petroleum & Coal Products
Expanding Manufacturing Industries:
- Plastics & Rubber Products
- Textile Mills
- Fabrictated Metal Products
- Miscellaneous Manufacturing
- Primary Metals
- Electrical Equipment, Appliances & Components
- Nonmetallic Mineral Products
- Food, Beverage & Tobacco Products
- Chemical Products
- Apparel, Leather & Allied Products
- Printing & Related Support Activities
- Transportation Equipment
- Furniture & Related Products
- Paper Products
- Computer & Electronic Products
Click here to access the entire report from the Institute for Supply Management.