The Institute for Supply Management (ISM) today reported that its gauge of U.S. manufacturing activity increased to 55.7 in August from 55.4 in July.
It was the third straight increase in the monthly index and the highest reading since June 2011.
An index reading above 50 indicates the manufacturing industry is expanding.
(Sponsored)
Does Your Nonprofit Need an Annual Audit?
Many people wonder if a nonprofit needs an annual audit, and the answer is—it depends.Although there is no federal requirement that all tax-exempt organizations undergo an audit, many possible triggers
In the Market to Build? Get Started in 4 Simple Steps
Finding the perfect home isn’t always easy, especially in our world today. The U.S. Housing Shortage has created an ongoing challenge for homebuyers across the nation, opening the door to
The new-orders index rose to 63.2 in August from 58.3, and the ISM noted that 15 of 18 manufacturing sectors reported growth in August.
We’ll find out how New York manufacturers are doing when the Federal Reserve Bank of New York issues its next Empire State Manufacturing Survey report on Sept. 16. In August, that survey’s general business conditions index dipped to 8.2 from 9.5 in July, but still indicated a third straight month of expansion in the state’s manufacturing sector.
Contact Rombel at arombel@cnybj.com
