The Institute for Supply Management (ISM) announced Wednesday that its manufacturing index was up in November for the 16th consecutive month.
ISM's PMI index (factory index) was 56.6 in November, down 0.3 from 56.9 in October, however any reading above 50 indicates growth. Out of the 18 manufacturing industries, 10 reported growth last month, including machinery, fabricated metal products, transportation equipment, and appliances.
Additionally, exports of fabricated metal products were the highest in November out of the nine manufacturing industries that experienced growth over the month.