The U.S. manufacturing sector in November is showing strong production growth as factories continue to struggle with pandemic-related shortages of raw materials and labor, along with inflation, according to the Institute for Supply Management (ISM).
The ISM’s December report shows that the index of national factory activity rose from 60.8 in October to a reading of 61.1 last month, with its forward-looking new orders sub-index climbing to a reading of 61.5 last month from 59.8 in October.
