How’s Business? New Orders for Manufacturers Rise 4.3%

The increase to 64.6% from 60.3% is part of a passel of good news from the Institute for Supply Management.

The Production Index registered 62.2 %, a 1.2 percentage point increase compared to the August reading of 61%. The Employment Index registered 60.3%, an increase of 0.4 percentage point from the August reading of 59.9 %.

The Supplier Deliveries Index registered 64.4 %, a 7.3% increase from the August reading of 57.1%. The Inventories Index registered 52.5%, a decrease of 3 percentage points from the August reading of 55.5%.

The Prices Index registered 71.5 % in September, a 9.5 percentage point increase from the August level of 62, indicating higher raw materials prices for the 19th consecutive month.

Comments from the panel reflect expanding business conditions, with new orders, production, employment, order backlogs and export orders all growing in September; as well as, supplier deliveries slowing (improving) and inventories growing at a slower rate during the period. The Customers’ Inventories Index remains at low levels.”

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