US manufacturing activity grows in November
U.S. manufacturing activity grew at a faster pace in November as companies continue to struggle to keep up with demand amid ongoing supply shortages and delays
SILVER SPRING, Md. — U.S. manufacturing activity grew at a faster pace in November as companies try to keep up with demand amid ongoing supply shortages and delays.
The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its index of manufacturing activity rose to a reading of 61.1 in November, just above September’s 60.8.
Any reading above 50 indicates growth in the manufacturing sector. The manufacturing sector has recorded 18 straight months of growth going back to spring of 2020 when the pandemic broke.
