Economic activity in the national manufacturing sector grew in October, with the overall economy netting its 29th consecutive month of growth, according to the nation's supply executives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business.
New export orders however, contracted slowly, falling to 46.5 in October, down from 47.8 in September. Imports also slowed, slipping to 50.8 in October, from September’s 52.6.
In America’s Heartland, despite supply chain bottlenecks and a very strong dollar, new export orders rose significantly in October, jumping up to 52.9 from 44.5 in September. Imports dropped some to 35.0 in October, down from 50.1 in September, according to
Ernie Goss, PhD, director of Creighton University’s Economic Forecasting Group and the Jack A. MacAllister Chair in Regional Economics in the Heider College of Business.
States included in the Heartland survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.