The 2020 Mid-Year Economic Update_long

Manufacturing Growth Slows to Lowest Level Since March

Economic activity in the manufacturing sector expanded in October, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
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However, manufacturing growth slowed to its lowest level since March 2007. While the New Orders Index continued to grow and the Production Index fell below 50 for the first time since January 2007, the Employment Index grew slightly, signaling continuing strength in manufacturing employment.
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It does appear that the impact of the slowdown in the financial, housing and transportation segments has spilled over into manufacturing with the exception being continued strength in new export orders, ISM reports.
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Economic activity in the manufacturing sector expanded in October, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
&nbsp ;
However, manufacturing growth slowed to its lowest level since March 2007. While the New Orders Index continued to grow and the Production Index fell below 50 for the first time since January 2007, the Employment Index grew slightly, signaling continuing strength in manufacturing employment.
&nbsp ;
It does appear that the impact of the slowdown in the financial, housing and transportation segments has spilled over into manufacturing with the exception being continued strength in new export orders, ISM reports.
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