Perhaps distance and perspective give them clarity.
We follow the ISM Manufacturing Index as an input for our sensemaking as to what is going on in Precision Machining. PMPA’s own Business Trends Report has shown sales in our industry to be recovering. So as we were considering the latest ISM Manufacturing Report, we came across this story from the Financial Post.
The U.S. manufacturing sector grew in October at its fastest pace since April 2006, according to the Institute for Supply Management. The ISM’s manufacturing index climbed to 55.7 from 52.6 in September. This is the third consecutive monthly reading above 50. BElow 50, the index indicates contraction in manufacturing, the line that divides expansion and retrenchment. Also unexpectedly, hiring plans in the beleaguered sector turned positive for the first time in more than a year.