Report: Slowdown continues, but reason for hope

Published
November 16, 2015 - 06:00pm
According to the Institute for Supply Management (ISM), the report's overall PMI was 50.1 percent.

While the October 2015 Manufacturing ISM Report on Business showed continued growth, the report's overall PMI registered 50.1 percent, a slowdown from September's reading of 50.2 percent, reported the Institute for Supply Management (ISM).

But the report also noted that the October New Orders Index registered 52.9 percent, an increase of 2.8 percentage points from the reading of 50.1 percent in September. And the Ocotober Production Index registered 52.9 percent, beating September's reading of 51.8 percent.

Get more details from the ISM Report on Business for October 2015.

Author

Owner/Publisher
847-714-0176

Dennis, who served as electronic media editor at Cutting Tool Engineering from January 2007 through May 2018, is now the owner and publisher of the magazine and CTE Publications Inc. Dennis holds a bachelor’s degree in journalism from Northern Illinois University, and has more than 40 years of media experience.

 

 

INDUSTRY NEWS

05/07/2024
Improved material utilization, lower weight, less climate impact and simpler production, these are all reasons for the car industry’s interest in press-hardened body components made of large blanks…

05/03/2024
In a highly anticipated return to Chicago this spring after a five-year hiatus, Automate—the largest robotics and automation trade show in North America—will set new show records for number of…

04/29/2024
The global market for high speed steel (HSS) metal-cutting tools estimated at $11.3 billion in the year 2022, is projected to reach a revised size of $16.8 billion by 2030, growing at a CAGR of 5.1%…