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MNI INTERVIEW: US Manufacturing Set To Sustain Rebound - ISM

(MNI) WASHINGTON

ISM manufacturing chief says there are signs of slow growth despite contractionary readings.

The ISM manufacturing index is likely to rise further in coming months after climbing to a six-month high in August that still left the measure well in contraction territory, Institute for Supply Management chair Timothy Fiore told MNI Friday.

"Outside of any external influence, geopolitical issue or a major change in the financial markets, we should continue to climb out past 50 at some point in the next three to four months," he said of the threshold that separates growth from shrinkage in the sector.

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The ISM manufacturing index is likely to rise further in coming months after climbing to a six-month high in August that still left the measure well in contraction territory, Institute for Supply Management chair Timothy Fiore told MNI Friday.

"Outside of any external influence, geopolitical issue or a major change in the financial markets, we should continue to climb out past 50 at some point in the next three to four months," he said of the threshold that separates growth from shrinkage in the sector.

Keep reading...Show less