11282020Sat
Last updateWed, 25 Nov 2020 4pm

Manufacturing & The Economy

ISM: Manufacturing Strengthened in October

Manufacturing grew in October, as the Manufacturing PMI registered 59.3%, 3.9% higher than the September reading of 55.4%. The month-over-month gain of 3.9% is the second-biggest positive change in the Manufacturing PMI since May 2009, when it increased by 4.2%. (There was a 9.5% increase in June 2020, as activity picked up significantly after coronavirus-induced shutdowns.) All five contributing subindexes were in moderate to strong growth territory.

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