Economy
October 4, 2016
Manufacturing Expands in September According to ISM Report
Written by Sandy Williams
The Manufacturing ISM Report on Business showed manufacturing expanding in September after contracting in August. The Institute for Supply Management reports the September PMI was 51.5 percent, up 2.1 percent from the previous month.
New orders, production and employment gained 6, 3.2 and 1.4 percentage points, respectively. The index for inventories of raw materials rose one half percent to a reading of 49 percent. The prices index remained unchanged from August’s reading of 53 percent, continuing a seven month run of higher raw material prices. Customer inventories increased 3.5 percent to 53 percent.
