December 3, 2007
Manufacturing Growth Continues To Slow
By Matthew L. Brown
Manufacturing grew at a slightly slower rate in November as the manufacturing index registered 50.8 percent, a decrease of 0.1 percentage point when compared to October's reading of 50.9 percent, according to the Institute for Supply Management.
That's the fifth straight month of small declines in the index, but ISM said the manufacturing sector is generally growing.
A reading above 50 percent indicates that the manufacturing economy is generally expanding, below 50 percent indicates that it is generally contracting, ISM said.
An ISM index in excess of 41.9 percent over a period of time generally indicates an expansion of the overall economy.
ISM said sectors that experienced growth in November were apparel, leather and allied products; food, beverage and tobacco products; paper products; chemical products; machinery; electrical equipment, appliances and components; and computer and electronics.
That's the fifth straight month of small declines in the index, but ISM said the manufacturing sector is generally growing.
A reading above 50 percent indicates that the manufacturing economy is generally expanding, below 50 percent indicates that it is generally contracting, ISM said.
An ISM index in excess of 41.9 percent over a period of time generally indicates an expansion of the overall economy.
ISM said sectors that experienced growth in November were apparel, leather and allied products; food, beverage and tobacco products; paper products; chemical products; machinery; electrical equipment, appliances and components; and computer and electronics.
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