Friday, December 2, 2011

Manufacturing Expands for 28th Consecutive Month

Manufacturing ISM Report On Business Reports Growth: In the Latest Manufacturing ISM Report On Business®: The PMI registered 52.7 percent, an increase of 1.9 percentage points from October's reading of 50.8 percent, indicating expansion in the manufacturing sector for the 28th consecutive month.
PERFORMANCE BY INDUSTRY
Of the 18 manufacturing industries, eight are reporting growth in November, in the following order: Wood Products; Textile Mills; Petroleum & Coal Products; Primary Metals; Food, Beverage & Tobacco Products; Computer & Electronic Products; Apparel, Leather & Allied Products; and Paper Products.