ISM index shows steady growth in September

Index slips to 52.6, still above growth threshhold

By Bob Vavra October 1, 2009

The Institute for Supply Management’s monthly manufacturing activity survey for September showed a second straight month of growth at essentially the same rate as August. The two straight months of growth followed 18 months of decline in the past two years and provided more hope that a manufacturing recovery was gaining a solid foothold.
"It appears the fundamentals for continuing recovery are still at work," said ISM chairman Norbert Ore.
The manufacturing index reading rose to 52.6 from 52.9 in August. While anything over 50 signals growth in the manufacturing sector, some analysts had hoped the index would reach 54 in September.
There were 13 sectors reporting manufacturing growth in September.

Author Bio: Bob is the Content Manager for Plant Engineering.