© Getty Images The Institute for Supply Management’s (ISM) production index increased to 62.2 in recently released data for September, a month marked by notable and unfortunate hurricane activity. This reading is nearing the highs of this economic expansion.
The overall Purchase Manager’s Index (PMI) from the ISM which includes production but also factors such as employment, inventories, backlogs and inflation was reported at 60.8, the highest reading in more than 13 years .
Enabling Secular Growth Despite below-average economic growth and recurring geopolitical uncertainty, manufacturers here in the U.S. are reporting brisk business. However, with manufacturing gains for 100 […]
Full Post at thehill.com