10192018Fri
Last updateFri, 19 Oct 2018 1pm

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Manufacturing & The Economy

U.S. Factory Activity at Highest Level in 13 Years

Manufacturing expanded in September as the PMI registered 60.8%, an increase of 2% from the August reading of 58.8%. This indicates growth in manufacturing for the 13th consecutive month and is the highest reading since May 2004, when the index registered 61.4%. A reading above 50% indicates that the manufacturing economy is generally expanding.

The Production Index registered 62.2%, a 1.2% increase compared to the August reading of 61%. The Employment Index registered 60.3%, an increase of 0.4% from the August reading of 59.9%. The Supplier Deliveries Index registered 64.4%, a 7.3% increase from the August reading of 57.1%.  

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