Last updateWed, 25 Nov 2020 4pm

Manufacturing & The Economy

IHS: U.S. Manufacturing Expands for Fourth Straight Month

Goods producers signaled the quickest improvement in the health of the manufacturing sector since the start of 2019, as highlighted by the IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) posting 53.3, up fractionally from 53.2 in September. October data signaled a fourth successive monthly expansion and a further move away from the substantial contraction seen in April.

Despite the rate of production growth slowing at the start of the fourth quarter, the expansion in new orders accelerated and was the sharpest since January 2019. The upturn broadly stemmed from domestic clients as new export orders fell for the first time since July.

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