US Factory Activity Growth Slows in October: ISM


The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.7 in October of 2017 from a 13-year high of 60.8 in September. Figures came below market expectations of 59.5 as most subindexes slowed and inventories came back to contraction.

Declines were recorded for new orders (-1.2 to 63.4); production (-1.2 to 61); employment (-0.5 to 59.8); supplier deliveries (-3 to 61.4); inventories (-4.5 to 48); prices (-3 to 68.5) ; backlog of orders (-3 to 55) and new export orders (-0.5 to 56.5). In contrast, customers' inventories went up (1.5 to 43.5) but remained in contraction territory and imports were flat at 54.

Of the 18 manufacturing industries, 16 reported growth in October, in the following order: Paper Products; Nonmetallic Mineral Products; Machinery; Transportation Equipment; Wood Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Plastics & Rubber Products; Textile Mills; Chemical Products; Computer & Electronic Products; Fabricated Metal Products; Furniture & Related Products; Electrical Equipment, Appliances & Components; and Primary Metals. Two industries reported the same level of activity as September.

US Factory Activity Growth Slows in October: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
11/13/2017 5:47:24 PM