US Factory Growth Beats Forecasts: ISM


The Institute for Supply Management’s Manufacturing PMI in the US jumped to 59.3 in November of 2018 from 57.7 in October, beating market expectations of 57.6. New orders, production and employment rose faster and comments from the panel reflect continued expanding business strength.

Faster increases were seen for new orders (62.1 from 57.4), production (60.6 from 59.9); employment (58.4 from 56.8), inventories (52.9 from 50.7) and backlogs of orders (56.4 from 55.8). Also, price pressures eased (60.7 from 71.6) while supplier deliveries slowed (62.5 from 63.8).

Of the 18 manufacturing industries, 13 reported growth in November, in the following order: Computer & Electronic Products; Plastics & Rubber Products; Paper Products; Textile Mills; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Machinery; Transportation Equipment; Chemical Products; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Furniture & Related Products; and Petroleum & Coal Products. The three industries reporting contraction in November are: Printing & Related Support Activities; Nonmetallic Mineral Products; and Primary Metals.

US Factory Growth Beats Forecasts: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
12/3/2018 3:10:44 PM