Nov. 9, 2016

Manufacturing Expands in October

Economic activity in the manufacturing sector expanded in October, reports the Institute for Supply Management, Tempe, Ariz., in its latest Manufacturing Report on Business. The October PMI was at 51.9 percent, an increase of 0.4 percentage point from September and the second straight month of growth following a one-month decline in August.

Of the 18 industries surveyed by ISM, 10 reported growth in October, including miscellaneous manufacturing. The eight industries reporting contraction included fabricated metal products, machinery, appliances and components, and primary metals.

Among other indices, ISM’s New Orders Index decreased 3 percentage points to 52.1 percent, the Production Index jumped 1.8 percentage points to 54.6 percent and the Employment Index hit 52.9 percent, an increase of 3.2 percentage points.

October’s PMI, if annualized, corresponds to a 2.8 percent increase in real GDP. The average PMI through 10 months corresponds to a 2.5 percent increase in GDP, ISM reports.


November 2017: 'Steady but Sloppy' Fittingly Sums 2017
More...
 
Pause
November 2017: Scrap First Steel Impact from Storms
More...
Fall 2017: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Sunday, December 17, 2017