The New Paper

November 3, 2020

US manufacturing activity reaches highest point since September 2018

US manufacturing activity expanded in October for the sixth consecutive month according to the Institute for Supply Management, reaching its highest point since September 2018 after declining earlier this year amid coronavirus-driven shutdowns. 

More context: The Institute for Supply Management publishes a monthly index that monitors the change in production activity based on a survey of over 300 manufacturing firms. The October index increased from 55 to 59, and any value above 50 signifies an expansion. Access the latest report here.

Extra: The manufacturing sector accounts for ~11% of US GDP.

This story is from the November 3, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.