Key manufacturing indicator hits highest level for 2013

The Institute for Supply Management's (ISM) Manufacturing Report on Business for September showed an uptick overall, achieving its highest reading for so far this year. Both new orders and employment are growing, as the index rose 0.5% from August's reading of 55.7% to 56.2% for September.

The New Orders index increased by 0.2 percentage points to 62.6%, and the Employment Index registered 55.4%, an increase of 2.1 percentage points-also the highest of the year, noted Bradley J. Holcomb, CPSM, CPSD, and chair of the ISM's Manufacturing Business Survey Committee.

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