12152017Fri
Last updateThu, 14 Dec 2017 8pm

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Manufacturing & The Economy

ISM: Manufacturing Expansion Continues

Manufacturing expanded in October as the Institute for Supply Management (ISM) Manufacturing Index registered 58.7%, a decrease of 2.1% from the September reading of 60.8%. This indicates growth in manufacturing for the 14th consecutive month and continues expansion consistent with pre-hurricane levels. A reading above 50% indicates that the manufacturing economy is generally expanding.

“Manufacturers have put the pedal to the metal, helped by a steady growth at home, an improved global economy and a cheaper dollar that’s boosted U.S. exports,” MarketWatch reports. 

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