October exports sustain growth. Imports remain the same

November 15, 2017 – The Institute of Supply Management’s (ISM) new export orders index slipped slightly to 56.5 percent in October, continuing to show strong growth despite being off 0.5 percentage points when compared to the 57.0 percent reported for September. Any reading of 50 or higher indicates growth.

“US exports rose for the 20th consecutive month,” said Fred Baehner IBNewsmag publisher. “Manufacturing and new export order growth continues to fuel our economy.”

According to the report, economic activity in the manufacturing sector expanded somewhat more slowly in October, while the overall economy grew for the 101st consecutive month.

Imports were unchanged at the 54.0 level in October remaining the same as the September reading.

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