Manufacturing gets a boost in September

Manufacturing activity improved in September, according to the latest report from the Institute for Supply Management. The purchasing manager’s composite index (PMI) rose 0.5 percent from August.

By , Guest blogger

  • close
    At 56.2 the Institute for Supply Management's purchasing manager’s composite index (PMI) rose 0.5 percent from August and climbed above the level seen a year earlier.
    View Caption

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity improved in September.

At 56.2 the purchasing manager’s composite index (PMI) rose 0.5% from August and climbing above the level seen a year earlier giving an indication of improving conditions for manufacturing.

Respondent assessments still appear to be hopeful with several noting strength and positive outlook: 

Recommended: Seven rules for tech investing

"Global sales generally trending moderately higher." (Textile Mills)

"Slight increase in demand. Forecast looks better. 4Q looking better than 3Q — should begin to see demand increase in October/November." (Food, Beverage & Tobacco Products)

"Raw materials shortages continue. General trends are up, which enhances shortage issues." (Wood Products)

"Overall business is flat to down across the board." (Machinery)

"Housing continues to improve, resulting in improved conditions for our industry." (Furniture & Related Products)

"Rising costs of China labor has us re-evaluating our current position in that country." (Computer & Electronic Products)

"Steady increase in work this month." (Primary Metals)

"Overall business is picking up." (Transportation Equipment)

"Outlook remains strong with housing market and customer orders." (Electrical Equipment, Appliances & Components)

"Labor rates along the Gulf Coast are rising with the increased activity of construction and maintenance projects." (Chemical Products)

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...