Posted October 2, 2021

September manufacturing activity strong

Manufacturing grew for the 16th consecutive month according to the latest report from the Institute for Supply Management.

ISM's manufacturing purchasing index registered 61.1 percent in September, an increase of 1.2 percentage points from the August reading of 59.9 percent.

The New Orders Index registered 66.7 percent, unchanged from the August reading. The Production Index registered 59.4 percent, a decrease of 0.6 percentage point compared to the August reading of 60 percent.

“Business Survey Committee panelists reported that their companies and suppliers continue to deal with an unprecedented number of hurdles to meet increasing demand. All segments of the manufacturing economy are impacted by record-long raw materials lead times, continued shortages of critical materials, rising commodities prices and difficulties in transporting products," said Timothy R. Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee. "Global pandemic-related issues — worker absenteeism, short-term shutdowns due to parts shortages, difficulties in filling open positions and overseas supply chain problems — continue to limit manufacturing growth potential. However, optimistic panel sentiment remains strong, with three positive growth comments for every cautious comment."

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