U.S. manufacturing activity hits 13-year high

by
October 2, 2017

Workers construct mini-bikes at motorcycle and go-kart maker Monster Moto in Ruston, Louisiana January 25, 2017. Picture taken January 25, 2017.  REUTERS/Nick Carey

WASHINGTON (Reuters) – U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth in the third quarter.

The economic outlook was also bolstered by other data on Monday showing a rebound in construction spending in August. The acceleration in manufacturing activity and the accompanying increase in prices could harden expectations that the Federal Reserve will raise interest rates in December.

The Institute for Supply Management (ISM) said its index of national factory activity surged to a reading of 60.8 last month, the highest reading since May 2004, from 58.8 in August.

A reading above 50 in the ISM index indicates an expansion in manufacturing, which accounts for about 12 percent of the U.S. economy. The ISM said Harvey and Irma had caused supply chain and pricing issues in the chemical products sector. There were also concerns about the disruptive impact of the storms in the food, beverage and tobacco products industries.

  • Nana Monster

    I buy American whenever I can. I used to work in a plastics factory and we supplied the entire WalMart stores with cookware from there. Mine is over 20 years old and still going strong. Try doing that with the China garbage.

  • podunk1

    What if the fake 4.4% superb August unemployment news was a really disastrous 22+% that is caused by progressive-Alinski communist inspired government subsidizing 40 to 50 million aliens throwing citizens out of employment, into welfare… both at taxpayer expense? In 8 years, the Obama-nation doubled $10 trillion debt to $20 trillion… a big a success for communist overthrow… an equally abominable disaster for capitalist-freedom… especially when $100 trillion in pilfered retirement funds becomes “unfunded liabilities”… as if they really exist. Unemployment APPEARS TO BE LOWERING, but the consumption debt cancer is alive and “well” out of control… so, why not bring in more alien locust armies into the workforce… says the progressive communist keepers of the gates!

    Fact… the 66.50066% last credible 1997/2008 pre-Obama 12-year average workforce to eligible population ratio times August population yields a 169,814,000 workforce that SHOULD generate $12.1 TRILLION wage related productivity @ BLS $26.39-hour, 2080 annual hours, with 30% rounded employer tax/fringes!

    August BLS reported 153,439,000 people working 34.4-hours, which (@ 34.4/40) is only 131,958,000 full-time jobs generating $9.4 trillion productive wage wealth! That hidden 37,856,000 (22.3%) joblessness reveals USA CITIZENS LOST $2.7-Trillion annualized wage related wealth; BECAUSE WE DON’T HAVE ENOUGH JOBS TO PRODUCE WHAT WE CONSUME! That wealth loss generates EXPONENTIALLY INCREASING PERPETUAL DEBT BONDAGE TO COMMUNIST CHINA!

    Communist democrat/RINO officials and judges sacked the US productive infrastructure and gave it to Communist China over the past 25 years! Those same monopolistic traitors fooded the US workforce with an alien locust army workforce to artificially drive down wages and keep their ghetto plantations jobless and totally dependent on government subsidies… in return for their communist votes!

    Donald & Jeff… you’re dealing with traitors who are at war against the Constitution & USA… and hate you! FIRE THEM AND PROSECUTE… Don’t drain just the swamp, “FLUSH-IT”!

    • BethanyJWood


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