ISM Report Shows Continued Strength of Manufacturing
WASHINGTON—The latest Manufacturing ISM Report On Business from the Institute for Supply Management indicates the U.S. manufacturing sector grew slightly in November, while the overall economy expanded for an 18th consecutive month. The Manufacturing PMI registered 61.1 percent, 0.3 percentage point higher than the October reading of 60.8 percent.
ISM’s New Orders Index registered 61.5 percent in November, an increase of 1.7 percentage points compared to the 59.8 percent reported in October. This indicates that new orders grew for the 18th consecutive month.