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Posted September 2, 2014

Manufacturing expanded in August

Economic activity in the manufacturing sector expanded in August for the 15th consecutive month, according to the Institute for Supply Management.


The August PMI registered 59 percent, an increase of 1.9 percentage points from July's reading of 57.1 percent.

This month's PMI reflects the highest reading since March 2011. The New Orders Index registered 66.7 percent, an increase of 3.3 percentage points from the 63.4 percent reading in July, indicating growth in new orders for the 15th consecutive month. 

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