Follow U.S. investment immigration and U.S. economic news: On November 1, the Institute for Supply Management (ISM) released the "October 2013 Manufacturing Report on Business" for the United States.
The report shows that the October Manufacturing Index rose to 56.4, an increase of 0.2 percentage points from the previous month, marking the fifth consecutive month of growth. The New Orders Index increased by 0.1 percentage points from the previous month to 60.6. The Production Index fell by 1.8 percentage points to 60.8. Both the New Orders Index and the Production Index have remained at a high level above 60 for three consecutive months. The Employment Index was 53.2, a decrease of 2.2 percentage points from the previous month. Of the 18 manufacturing sectors, 14 reported growth in October, including food, electrical equipment and appliances, petroleum and coal products, and wood products. The other 4 sectors reported a decline, including chemical products, apparel, primary metals, and miscellaneous manufacturing.
Regarding these indices, the Institute for Supply Management believes that the overall trend is positive, with the U.S. economy having maintained growth for 53 consecutive months.
U.S. House Democratic Whip Steny Hoyer also issued a statement, suggesting that the October Manufacturing Index indicates that the U.S. manufacturing sector has begun a rapid recovery, achieving its best performance in two and a half years.
