US Manufacturing Expands At Faster Rate Than Forecast

Institute for Supply Management's index climbed to highest rating since April

Manufacturing grew in October at a faster pace than forecast, showing U.S. factories were a source of strength for the economy at the start of the fourth quarter.

The Institute for Supply Management's index climbed to 56.4, the highest since April 2011, from 56.2 a month earlier, the Tempe, Arizona-based group's report showed today. Readings above 50 indicate growth. The median forecast in a Bloomberg survey of economists was 55.

Comments

[kenezen]

Nonsense! Real manufacturing not "Assembly" is either at or very close to historic lows (5%-6%) of available workforce. It used to be in the 50% or 60%. Base industries are virtually non-existent because of the incredibly stupid Carbon emission standards that our president just increased. The proof of this is GE, GM, Honeywell, Goodrich, Cessna and many more foreign real MFG Plants are going up and are up in Mexico!
They are hiring tens of thousands of high school graduates and creating tens of thousands of ancillary jobs. If you ask properly they will say that the EPA, NLRB combined with ridiculous Class Action law suites make it not possible to come back here. Our current Minimum wage seems not to be an obstacle. Of course now they point to ObamaCare as one more impediment.