Apparel amongst growing US manufacturing sectors
In the Manufacturing ISM (Institute for Supply Management) Report On Business for November, the apparel, leather and allied products sector was one of just eight that reported growth during the month.
Within this context, just a handful of sectors reported positive results, with apparel, leather and allied products topping the overall list, followed by plastics and rubber products, and primary metals. Of the ten indicators that the report uses to analyse economic activity, where growth was reported, the apparel, leather and allied products category topped seven of them, namely: new orders; production; employment; inventories; backlog of orders; new export orders; and imports.
The Manufacturing ISM Report On Business is published monthly by the ISM and is based on data compiled from purchasing and supply executives across the
The ISM report showed that whilst in general, the country’s economy grew for the 61st consecutive month, manufacturing failed to grow for the first time in 41 months.