May 2, 2007
Manufacturing index up
By Matthew L. Brown
Economic activity in the manufacturing sector expanded for the third straight month in April, according to a new report from the Institute for Supply Management, a private trade group.
ISM's manufacturing index rose to 54.7 percent in April, beating the March index by 4.7 percent, and achieving its highest level since May 2006.
An index score over 50 percent means more manufacturing businesses reported business was improving than reported business was getting worse.
ISM said 11 industries reported growth: Wood products, apparel, leather and allied products, food, beverage and tobacco products, miscellaneous manufacturing, machinery, chemical products, transportation equipment, computer and electronic products, plastics and rubber products, fabricated metal products, and furniture and related products.
ISM's manufacturing index rose to 54.7 percent in April, beating the March index by 4.7 percent, and achieving its highest level since May 2006.
An index score over 50 percent means more manufacturing businesses reported business was improving than reported business was getting worse.
ISM said 11 industries reported growth: Wood products, apparel, leather and allied products, food, beverage and tobacco products, miscellaneous manufacturing, machinery, chemical products, transportation equipment, computer and electronic products, plastics and rubber products, fabricated metal products, and furniture and related products.
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