6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
August's expansion marks the 13th consecutive month for growth. The overall economy grew for the 16th consecutive month.
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
"In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate," said Norbert J. Ore, chair of the Institute for Supply Management Manufacturing Business Survey Committee.
The Production Index increased 2.9 percentage points to 59.9 percent, while the Employment Index grew 1.8 percentage points to 60.4 percent. The ISM New Orders Index fell 0.4 percentage point in August, but continued to indicate growth at 53.1 percent.
Eleven of the 18 manufacturing industries reported growth in August, in the following order: Primary Metals; Apparel, Leather & Allied Products; Transportation Equipment; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Computer & Electronic Products; Paper Products; Chemical Products; Food, Beverage & Tobacco Products; and Printing & Related Support Activities. The five industries reporting contraction in August are: Furniture & Related Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Plastics & Rubber Products; and Machinery.