Seven of the 18 manufacturing industries reporting growth for September

Seven of the 18 manufacturing industries reporting growth for September

US manufacturing rebounded in September, with the textile industry one of seven sectors to report growth. 

The Institute for Supply Management's manufacturing index advanced to 51.5% from August's 49.4%, with seven of the 18 manufacturing industries reporting growth for September. Textile mills reported growth, while leather and allied products saw a contraction.

The index points out that a reading above 50 signals growth, while anything under signals contraction. 

New orders and production both swung into expansion territory last month, registering 55.1% and 52.8%, respectively. The former was the biggest increase since March. Apparel, leather and allied products, however, both recorded contractions in new orders and production in September. 

ISM's Imports Index registered 49% in September; 2 percentage points above the August reading of 47%, indicating a contraction in imports for the second consecutive month. Again, apparel, leather and allied products were among the top industries reporting a decrease in September. 

Meanwhile, the gauge for factory employment improved to 49.7% in September from 48.3% in August, continuing the streak of contractions in all but one month so far this year. Of the 18 manufacturing industries, textile mills topped the seven reporting employment growth.

Of prices paid, the Index was unmoved on August, registering 53%, indicating an increase in raw materials prices for the seventh consecutive month. In September, 20% of respondents reported paying higher prices, 14% reported paying lower prices, and 66% of supply executives reported paying the same prices as in August. 

Ten industries reported paying increased prices for its raw materials in September. Of those, textile mills, apparel, and leather and allied products topped the list.