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State of Logistics 2016: Pursue mutual benefit Manufacturing activity is up in November for third straight month, reports ISM The Cloud Supply Chain Data Network Maersk continues ocean carrier consolidation trend, says it will acquire Hamburg Süd Toyota announces plans to expand workforce More News Manufacturing growth continued to show growth in November, according to the most recent edition of the Institute for Supply Management’s (ISM) monthly Manufacturing Report on Business. The PMI, the index used by the ISM to measure growth, was 53.2 in November, which was 1.3 percent ahead of October, while growing for the third straight month, as well as the highest level the PMI has reached, going back to February 2015’s 53.3 and a five-month high going back to July’s 52.6. And the November PMI was 2.2 percent above the 12-month average of 51.0, with the over all economy growing for the 90th consecutive month. Three of the report’s core four metrics, including the PMI, were up in November. New orders, which are viewed as the engine driving manufacturing, rose 0.9 percent to 53.0, heading up for the third straight month, and production rose 1.4 percent to 56.0, also up for the third month in a row. Employment was off slightly, falling 0.6 percent to 52.3, while still remaining on the right side of growth for the second month in a row (a level of 50.6 percent or higher indicates employment growth is occurring). ISM said that of the 18 manufacturing sectors contributing to the report, 11 reported growth, including: Miscellaneous Manufacturing; Petroleum & Coal Products; Paper Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Chemical Products; Fabricated Metal Products; Plastics & Rubber Products; Machinery; Nonmetallic Mineral Products; and Primary Metals. The six industries reporting contraction in November were: Printing & Related Support […]
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