Economy
December 1, 2016
ISM Report on Business Shows Manufacturing Expanding in November
Written by Sandy Williams
The ISM Report on Business showed economic activity in the manufacturing sector expanding in November for the third month in a row. The PMI, which covers manufacturing activity for the entire United States, rose to 53.2 percent from 51.9 in October.
New orders increased by 0.9 points to 53 percent and production rose 1.4 percentage points to 56 percent, both growing in the past three months.
