October exports and imports grew more slowly

November 6, 2018 – Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Containers

New export orders continued growth, although slower, indexing at 52.2 in October, down slightly from 56.0 in September indicating growth in new export orders for 32 consecutive months.

“While exports softened a bit in October,” said Fred Baehner, IBNewsmag publisher, “they continued solid growth exemplified by the overall economic growth in US manufacturing.”

Imports, too, grew slower in October with a reading of 54.3. down slightly from 54.5 in September.

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