September exports and imports grew faster than August results

October 2, 2018 – The Institute of Supply Management’s (ISM) New Export Orders Index surged by 56 percent in September, an increase of 0.8 percentage point when compared to the 55.2 percent reported for August, indicating growth in new export orders for 31 consecutive months.

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ISM’s Imports Index topped 54.5 percent in September, an increase of 0.6 percentage point when compared to the 53.9 percent reported for August, indicating that imports grew in September for the 20th consecutive month despite steel and aluminum tariffs.

The report is based the most recent survey of US supply managers. Any reading greater than 50.0 indicates growth.

“Despite some retaliatory tariffs, strong dollar and global uncertainty, we are seeing a strong demand for American products around the world fueling our exports,” said Fred Baehner, IBNewsmag™ publisher. “Looking ahead to a newly agreed USMCA with Mexico and Canada, we should see export growth into next year if Congress ratifies the new agreement at the beginning of 2019.”

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