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Manufacturing Is Back on Track

Posted 10:51 PM by

After three straight months of slight declines, the most recent Manufacturing Institute for Supply Management (ISM) Report on Business shows an uptick in September, showing that the manufacturing sector is, in fact, back on track. 

The September Purchasing Managers Index reading was up 1.9 percent over August, hitting 51.5 percent. A reading greater than 50 percent is considered to show that the manufacturing sector is growing and not contracting. ISM’s New Order Index has also risen in September to hit 52.3 percent, compared to 47.1 percent in August. 

Finally, ISM’s Employment Index showed improvement as well, hitting 54.7 percent in September, up from 51.6 percent in August.

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

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