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State of Logistics 2016: Pursue mutual benefit ISM reports solid manufacturing output for October Diesel prices see a slight increase Weighing the Value of Dimensional Data Talking fashion with Greg Hewitt, CEO of DHL Express U.S More News Manufacturing activity in November grew for the sixth time in the last seven months, according to the most recent edition of the Institute for Supply Management’s (ISM) monthly Manufacturing Report on Business, which was released today. The PMI, the index used by the ISM to measure growth, was 51.9 in October (a reading of 50 or higher indicates growth), a 0.4 percent gain over October, and it was 1.3 percent above the 12-month average of 50.6. The ISM said that the over all economy expanded in October for the 89th month in a row. Three of the report’s core four metrics, including the PMI, were up in October. The lone decline among the core four was new orders, which are often cited as the engine that drives manufacturing, with a 3.0 percent decline to 52.1. New orders came off of a very strong September, which was up 6.0 percent over August (with new orders in August down 7.8 percent). Eight industries reported growth for new orders in October, with another eight reporting a decrease. Production headed up 1.8 percent to 54.6, growing for the second month in a row, while employment rose 3.2 percent to 52.9, returning to growth mode after checking in at 49.7 in September. ISM said that of the 18 manufacturing sectors contributing to the report, ten reported growth, including: Textile Mills; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; Nonmetallic Mineral Products; Computer & Electronic Products; Furniture & Related Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; and Chemical Products. The eight industries reporting […]