October ISM = 51.9

The ISM number comes out on the first business day of each month. It usually is a pretty good read of the manufacturing sector.

For October, the ISM was 51.9. Any number above 50 means the factory sector of the economy is growing.

U.S. manufacturing met economist forecasts of 51.9 for the month of October, according to The Institute for Supply Management, an increase of 0.4 percentage point from the September reading.

The report said respondents had mostly positive comments and cited a “favorable economy and steady sales, with some exceptions.”

These numbers come as economic activity in the manufacturing sector expanded in October. The overall economy grew for the 89th consecutive month, according to the report.

This meshes with our overall theme — the economy is growing, but quite modestly.

Posted by on November 1st, 2016 at 11:05 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.