National Manufacturing Up in October


The Institute for Supply Management’s October PMI came in at 58.7 indicating that manufacturing activity increased, despite a 2.1 point drop from the thirteen-year high of 60.8 registered in September (a score above 50 indicates growth).  New Orders, Production, Backlog and Employment all grew in October, albeit at a slower rate than in September, while 16 of 18 manufacturing sectors reported growth.