Manufacturing monitor ISM issued a good news, bad news report today, but the good outweighs the bad.
The sector expanded in November for the fourth consecutive month, says the Institute for Supply Management. The downside is that the rate of growth is less than a month ago, and less than analysts expected.
“The signs are still encouraging for continuing growth as both new orders and production are still at very positive levels,” says Norbert Ore, head of ISM’s Manufacturing Business Survey Committee.
So what freight is hot? Here are November’s dynamic dozen leading sectors, in order:
· Apparel, Leather & Allied Products
· Printing & Related Support Activities
· Petroleum & Coal Products
· Miscellaneous Manufacturing
· Electrical Equipment, Appliances & Components
· Transportation Equipment
· Chemical Products
· Computer & Electronic Products
· Food, Beverage & Tobacco Products
· Paper Products
· Fabricated Metal Products
And the five showing a November decline:
· Wood Products
· Furniture & Related Products
· Nonmetallic Mineral Products
· Primary Metals
· Plastics & Rubber Products.
— Max Heine