Manufacturing shows strength in November
Manufacturing expanded in November as the Institute for Supply Management index registered 57.3 percent, an increase of 0.9 percentage point compared to October.
A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. The index remained in positive territory for the sixth straight month.
"The PMI has increased progressively each month since June, with November's reading reflecting the highest PMI in 2013," said Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee. The New Orders Index increased in November by 3 percentage points to 63.6 percent, and the Production Index increased by 2 percentage points to 62.8 percent.
"With 15 of 18 manufacturing industries reporting growth in November relative to October, the positive growth trend characterizing the second half of 2013 is continuing," Holcomb added.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
