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Manufacturing Expands for Tenth Consecutive Month
November 9, 2026In October, the U.S. manufacturing sector expanded for the 10th consecutive month and at a faster pace, with the ISM Manufacturing® PMI rising to 55.5% from 54.5% in September. Demand indicators, such as the New Orders, Backlog of Orders and New Export Orders indices, stayed in expansion territory. Meanwhile, the Customers’ Inventories Index remained in…
Factory Orders and Shipments Accelerate in September
November 9, 2026New orders for manufactured goods increased 1.8% in September after rising 0.3% in August. Meanwhile, new orders for manufactured goods rose 7.2% over the year. Excluding transportation, new orders climbed 1.3% over the month and 7.8% year-over-year in September. Durable goods orders moved up 1.9% after edging up 0.1% in August. Year to date, durable…
Global Manufacturing Growth Slows in September as Lead Times Lengthen
November 9, 2026In October, growth in global manufacturing activity moderated from September, decreasing from 53.0 to 52.6, a two-month low. Output and new orders both grew at slightly slower rates than the prior month. Meanwhile, lead times lengthened sharply as new export orders increased for the third consecutive month. Employment expanded for the fourth straight month in…
Payrolls Beat Expectations, with Manufacturing Adding 19,000 Jobs
November 9, 2026Nonfarm payroll employment increased by 165,000 in October, coming in well above expectations. Meanwhile, the collective job gains in August and September were revised upward by 84,000 jobs from 162,000 to 246,000. The 12-month average stands at 73,750 job gains per month. Healthcare and social assistance continued to exhibit the largest job gains, adding 55,100…
S&P Global U.S. Manufacturing PMI Falls as Input Prices Climb
November 9, 2026The S&P Global Manufacturing PMI was 54.9 in October, down from 55.9 in September. In line with the decline in the headline rate, production and new orders both grew at slightly slower paces than in September. At the same time, export orders edged up for the first time since June 2025, while input prices hit…
Manufacturing Job Openings Rise as Hiring Climbs
November 9, 2026Manufacturing job openings rose by 54,000 to 584,000 in September. Meanwhile, the August job openings level was revised upward from 522,000 to 530,000. Nondurable goods job openings in September increased 24,000 to 180,000, while durable goods moved up 28,000 to 403,000. The manufacturing job openings rate climbed to 4.4%, up from 4.0% in August and…
Permitting Delays, Energy Costs Push Manufacturers’ Burden to $12 Billion
November 6, 2026On top of the nearly $8 billion manufacturers spend each year on acquiring, maintaining and waiting for federal permits, high energy bills and additional delay costs from waiting beyond deadlines in current law add
