Manufacturing expanded in September
Economic activity in the manufacturing sector expanded in September for the fourth consecutive month, according to the Institute for Supply Management.
Manufacturing expanded in September as the purchasing manager's index registered 56.2 percent, an increase of 0.5 percentage point when compared to August's reading of 55.7 percent. September's reading reflects the highest overall PMI reading in 2013. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
"The New Orders Index decreased in September by 2.7 percentage points to 60.5 percent, and the Production Index increased by 0.2 percentage point to 62.6 percent. The Employment Index registered 55.4 percent, an increase of 2.1 percentage points compared to August's reading of 53.3 percent, which is the highest reading for the year. Comments from the panel are generally positive and optimistic about increasing demand and improving business conditions," said Bradley J. Holcomb, of the Institute for Supply Management.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
