U.S. manufacturing index continues its climb in November

Index registers 53.6 percent in November, marking the fourth consecutive month in positive territory.

The Institute for Supply Management (ISM, Tempe, Ariz., USA) reports that economic activity in the U.S. manufacturing sector expanded in November for the fourth consecutive month, and the overall economy grew for the sixth consecutive month. ISM's Purchasing Managers Index (PMI) registered 53.6 percent, following an October value of 55.7 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

The report was issued by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee. "The manufacturing sector grew for the fourth consecutive month in November. While the rate of growth slowed when compared to October, the signs are still encouraging for continuing growth as both new orders and production are still at very positive levels, and the Prices Index fell 10 points, signaling less inflationary pressure on manufacturers' costs. Overall, the recovery in manufacturing is continuing, but many are still struggling, based on their comments."