October Is Strong Month For U.S. Manufacturing, Says ISM

While its key metric continues to show signs of fluctuation, the Institute for Supply Management (ISM) reported today that manufacturing activity in October remained firmly in growth territory.

The PMI, the ISM’s index to measure growth, headed up 2.4 percent to 59.0 in October (a PMI of 50 or greater represents growth), which erased the 2.4 percent decline in September’s PMI. October’s PMI matched August’s 59.0, which was just off its highest reading since March 2011’s 59.1.

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