Economy
October 1, 2020
ISM: Manufacturing Expands for Fifth Month
Written by Sandy Williams
The manufacturing sector grew again in September, indicating a fifth month of expansion for the economy, according to the latest Manufacturing ISM Report on Business. The September PMI registered 55.4 percent, down 0.6 percent from August.
“Manufacturing performed well in the month with demand, consumption and inputs registering growth indicative of a normal expansion cycle,” said Timothy R. Fiore, chairman of the Institute for Supply Management Manufacturing Business Survey Committee. “While certain industry sectors are experiencing difficulties that will continue in the near term, the manufacturing community as a whole has learned to conduct business effectively and deal with the variables imposed by the COVID-19 pandemic.”
