Economy
November 1, 2018
ISM: Manufacturing Still Strong, but Slowing
Written by Sandy Williams
Manufacturing activity continues to be strong, according to the latest ISM Report on Business, although slowing its pace of growth as it enters the fourth quarter. The October PMI declined 2.1 percentage points from September to register 57.7 percent.
Most of the components of the PMI are trending at a slower rate. The new orders index fell 4.4 points, recording a decline for the second consecutive month. Production expanded at a slower rate, falling 4.0 percentage points to a reading of 59.9 percent.
