Tuesday, November 02, 2010

ISM Manufacturing Report on Business: October 2010

Yesterday, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that economic activity continued to expand in October with a notable increase from September and an indication that most measures are in expansion.

At 56.90 the purchasing manager’s composite index (PMI) increased 4.60% since September but remaining just 3.08% above the level seen a year earlier.