US Manufacturing Index Expands Rapidly in November

The Institute for Supply Management released their manufacturing index for November and it shows an encouraging expansion in US factories. Also noteworthy is the fact that the index has risen for a 6th straight month – a sure sign of economic manufacturing growth.

The ISM indexes also indicated a rise in employment, production and new orders. New orders and production are on the same 6 month upward trend, and employment is close behind on a 5 month rise. The manufacturing index is also known as the PMI, or Purchasing Managers Index.

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