Manufacturing sector marks 10 straight months of growth ahead of midterms
Output and new orders accelerated as domestic and overseas demand improved, while input costs rose at the fastest pace since June, S&P Global said.
- U.S. manufacturing expanded for the 10th straight month in October, with the Institute for Supply Management’s index rising to 55.5 from 54.5 in September.
- Factory production climbed to 59.0, its highest level since November 2021, while new orders increased for a 10th consecutive month.
- Input-Price growth eased, as the Institute for Supply Management’s prices index fell to 75.2, though material and component costs remained elevated.
- Employment and inventories remained in expansion territory.
14 Articles
14 Articles
Manufacturing Sector Expanded for 10th Straight Month in October: Industry Index
Economic activity in the nation’s supply chain enjoyed broad-based improvement in October, a new Institute for Supply Management (ISM) Purchasing Managers’ Index (PMI®) Report reveals.September’s gains were extended in several areas of the supply chain last month, the Institute’s latest report finds:The manufacturing sector expanded for the 10th straight month.The overall economy expanded for the 24th straight month.New orders grew for the 10th …
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U.S. Manufacturing Surges in October as Factory Production Reaches Strongest Level in Nearly Five Years
American manufacturing expanded for the 10th consecutive month in October, exceeding economists' expectations as factory production accelerated, new orders increased and raw material price pressures ... The post U.S. Manufacturing Surges in October as Factory Production Reaches Strongest Level in Nearly Five Years first appeared on [your]NEWS.
Manufacturing index climbs to 55.5 from 54.5 in September, exceeding economists' expectations, while production reaches its highest level since November 2021
(New York = Yonhap News) Correspondent Kim Yeon-sook = The U.S. manufacturing sector continued its expansion phase for the tenth consecutive month as its recovery solidified. In particular, the scale of production growth was approximately 5 years...
U.S. Manufacturing Beats Forecasts as Production Accelerates
U.S. manufacturing expanded faster than expected in October as production grew at its strongest pace in nearly five years and input-price pressures eased. The Institute for Supply Management said Monday its manufacturing purchasing managers index rose to 55.5 from 54.5
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