American manufacturers growing at fastest pace
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Posted On: 09/10/2018 11:29:59 AM
American manufacturers growing at fastest pace in 14 years, ISM finds
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The numbers: American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives.
The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.
Readings over 50% indicate more companies are expanding instead of shrinking.
The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.
https://www.marketwatch.com/story/american-ma...2018-09-04
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The numbers: American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a a survey of industry executives.
The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.
Readings over 50% indicate more companies are expanding instead of shrinking.
The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.
https://www.marketwatch.com/story/american-ma...2018-09-04
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