New export orders grew faster in September

October 4, 2017 – The Institute of Supply Management’s (ISM) new export orders index escalated to 57 percent in September, an increase of 1.5 percentage points when compared to the 55.5 percent reported for August, indicating sustained American export growth.

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“With a vibrant economy and a relatively weak dollar, our exports rose for the 19th consecutive month,” said Fred Baehner IBNewsmag publisher. “Overall, our products are in demand worldwide.”

According to the report, economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month.

Imports, on the other hand, decreased by 0.5 percentage point to 54.0 in September when compared to the 54.5 percent reported for August, indicating that imports are growing in September for the eighth consecutive month but at a slightly slower rate compared to August.

Any reading of 50 or higher indicates growth.

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