U.S. exits November with high ISM stats
The pulse of American goods-makers seems to be quickening, according to the most recent monthly report from the Institute for Supply Management. Last month, the figures looked good with a two-year-plus high noticed for manufacturing, and now, with November's results in, the increase seems to be continuing.
The release covering this recent report is positively triumphant, announcing last month as a time when all but three out of the 18 manufacturing sectors monitored saw some growth. Many aspects of the business, including employment, production and new orders, also saw a greater rate of growth. The industry that reported the most growth, according to the brief, was apparently the "plastics and rubber products" division.
However, this shouldn't just be seen as a victory lap for the stateside factories. The stats also show some slowness in a few key areas, including a two percentage point drop in "inventories," even though it was also said to be "growing."
This means that even though the overall measure taken by the institute has been on an upward trend for the better part of a year, as Bloomberg asserts, there's no call for companies to rest on their laurels, so to speak, since there seems to be some significant room for improvement in this area, perhaps with the help of suitable inventory management software.
That can seem like a lot of pressure to put on one interface, but the right inventory management software company should be able to help your business find its feet and boost its numbers by the time that next report comes around.