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U.S. Manufacturing Is Expanding!

Posted 2:15 PM by

A recent report from the Institute for Supply Management (ISM) shows that its index, which measures national factory activity levels, rose from 55.7 in August 2013 to 56.2 in September 2013. Note that any reading above 50 is considered to be expansion of the manufacturing industry. This is the fastest pace of growth in the past 2½ years. 

The report also shows that manufacturers added workers in September at the highest level of the past 15 months. Both items reported continue to support the sentiment that manufacturers are getting their feet back under them and are starting to build momentum.

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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