The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) — Activity in the U.S. manufacturing sector picked up pace in August, to its best level since August 2011, the Institute for Supply Management said Tuesday.

Helped by a pickup in production and new orders, the ISM’s manufacturing purchasing managers index rose by 1.9 points to 59.0. A reading above 50 indicates expansion.

The component for production rose to 64.5 from 61.2, and that for new orders, to 66.7 from 63.4.

Hiring levels continued to rise at about the same pace as July, while inventories, which had been shrinking, began to grow again.

Of 18 manufacturing industries covered in the ISM survey, only one, textile mills, contracted in the month.

Most industries reported rising orders, mainly on domestic U.S. demand. But some cited challenges from geopolitical and economic problems overseas.

A poll respondent from the transportation industry complained: “Overall business conditions are flat. World issues taking a toll on business. Consumers are cutting back on spending,” the ISM said.

AFP Photo/Bill Pugliano

Interested in economic news? Sign up for our daily email newsletter!

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Close