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November 07, 2022

U.S. manufacturing as a whole grew for 28 consecutive months in September, with furniture industry orders falling the most

According to the latest Manufacturing ISM Report On Business, U.S. manufacturing economic activity rose in September and the overall economy posted its 28th straight month of growth, but purchasing managers for overall manufacturing The index (PMI) fell to its lowest level since May 2020, and the furniture industry saw the biggest drop in orders.

Seven manufacturing industries reported a contraction in orders in September. Among them, the furniture and related products industry saw the largest contraction in orders, by the textile industry, wood products industry, printing and related activities industry, paper products industry, chemicals industry, and metal products industry.

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