08172018Fri
Last updateFri, 17 Aug 2018 5pm

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Manufacturing & The Economy

Manufacturing PMI at 58.2% in November

Manufacturing expanded in November as the PMI registered 58.2%, a decrease of 0.5% from the October reading of 58.7%. A reading above 50% indicates that the manufacturing economy is generally expanding.

"This indicates growth in manufacturing for the 15th consecutive month led by expansion in new orders and production, offset by supplier delivery improvement and declines in raw material inventory," says Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. 

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