PMI Accelerates to 56.9 Percent
 
Economic activity in the manufacturing sector expanded in October for the 15th consecutive month, and the overall economy grew for the 18th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business from the Institute for Supply Management in Phoenix. Manufacturing grew in October at an accelerated rate as the PMI registered 56.9 percent, an increase of 2.5 percentage points compared to September's reading of 54.4 percent. "The manufacturing sector grew during October, with both new orders and production making significant gains,” says Norbert J. Ore, chairman of ISM’s Manufacturing Business Survey Committee.
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Friday, August 26, 2016