us manufacturing activity stays strong in november
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

US manufacturing activity stays strong in November

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today US manufacturing activity stays strong in November

US manufacturing activity stays strong in November
New York - Al Maghrib Today

The key US manufacturing sector continued to grow at an above average rate in November, as the impact of back-to-back hurricanes over the summer recedes, according to an industry survey released Friday.

Output spiked and employment remains strong to produce "a really strong report" on the sector, the Institute for Supply Management (ISM) said.

The ISM's purchasing managers index slowed to 58.2 percent from 58.7 in October, but remained well above the average for the past year, with 14 of the 18 industries surveyed reporting growth. Any reading above 50 indicates growth in the sector.

However, the decline actually reflects an improvement in conditions following the hurricanes, as transportation issues from storms are being overcome, Timothy Fiore, chair of ISM's Manufacturing Business Survey Committee, explained.

The supplier deliveries index fell nearly five points to 56.5 percent, which indicates shipments are speeding up.

Manufacturers expected to see three months of transportation difficulties in the wake of the hurricanes -- especially Hurricane Harvey's hit to the key chemical and oil production facilities in Houston -- as well as six months of impacts on prices, Fiore said.

He noted that only five percent of comments from the manufacturers surveyed mentioned the hurricanes, down sharply from the prior two months.

The report showed a three-point jump in the production index to 63.9 percent, and a more than half-point rise in new orders to 64 percent, while employment slipped a tenth to a still-strong 59.7 percent.

The only industries reporting contraction were wood and petroleum and coal.

Fiore said industries reported that "price pressures continue," with 16 of the 18 sectors surveyed reporting increases. The price index slipped three points to 65.5 percent.

The comments from the companies surveyed indicate a strong surge into 2018, with many noting they are not seeing the usual year-end slowdown in orders.

"We are just coming off a record sales year. We expect to continue in 2018 robust activity," one manufacturing firm said.

Meanwhile, a metal producer noted, "We are seeing steady, consistent demand for end of year. We usually see a slowdown, which we haven’t seen yet."

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us manufacturing activity stays strong in november us manufacturing activity stays strong in november

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us manufacturing activity stays strong in november us manufacturing activity stays strong in november

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 18:55 2013 Saturday ,01 June

Singer Ahlam’s expensive dress draws criticism

GMT 20:00 2014 Wednesday ,10 December

Punishing kids for lying justd oesn't work

GMT 03:23 2014 Thursday ,09 January

Brazil airlines want 1500 more flights for World Cup

GMT 12:59 2017 Saturday ,01 April

Thunder's Westbrook eyes history, but Spurs get win

GMT 10:24 2011 Sunday ,20 November

Grace period for red-label firms ends on Nov. 26

GMT 15:36 2011 Friday ,04 November

Hanjin Shipping swings to loss in Q3

GMT 13:23 2014 Wednesday ,23 April

New corporate identity at First Gulf Bank

GMT 13:29 2014 Thursday ,25 September

DP unveils details of third project in Culture Village

GMT 15:08 2014 Sunday ,23 November

RAK Ruler offers condolences to al-Habsi family

GMT 05:40 2015 Monday ,16 February

Dubai giant Emaar Properties' 2014 profit rises 28%

GMT 15:48 2015 Thursday ,30 April

Experts praise JRCC's role in supporting economy

GMT 09:31 2015 Thursday ,10 September

World Bank to open office in the UAE

GMT 13:16 2015 Sunday ,25 October

First ever UAE-Cuba investment forum opens in Dubai

GMT 22:05 2016 Wednesday ,20 April

Shurooq to highlight its latest tourism destinations

GMT 07:38 2016 Tuesday ,13 September

Libya unity government loses third oil port to rivals
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday