Tuesday, December 14, 2010

Manufacturing (ISM)

"Manufacturing continues to benefit from the recovery in autos, but those industries reliant upon housing continue to struggle," said Norbert Ore, chair of the ISM Manufacturing Business Survey Committee.

The ISM said that most of its components tracking specific manufacturing activities -- such as new orders, production and employment -- , showed growth, though that growth was slowing.

The component for new orders slowed to 56.6 in November from 58.9 the prior month. Production slowed to 55 from 62.7 and employment slowed to 57.5 from 57.7. 

Layoffs are slowing but jobs growth still weakManufacturing growth slows in September