Manufacturing sector increased during November

12.01.2011


Manufacturing sector increased during November
Manufacturing sector increased during November

Manufacturing staffing got a bit of good news on December 1 as a major index indicated that the sector expanded in November.

The Institute for Supply Management's manufacturing index came in at 52.7 for the month of November. Anything above 50 indicates expansion.

This was the 28th consecutive month that the manufacturing sector expanded and was a 1.9 percentage point improvement over the 50.8 figure from October.

Bradley J. Holcomb, the chair of the Institute for Supply Management's Manufacturing Business Survey Committee, said that respondents to the survey were still nervous but see good things in the coming months.

"Respondents cite continuing concerns about the general economic environment, government regulations and European financial conditions, but are cautiously more optimistic about the next few months based on lower raw materials pricing and favorable levels of new orders," he said.

While manufacturing may be on the uptick in recent months, its been a tough decade for the sector in Illinois. The Chicago Tribune reports that the Prairie State lost about 20 percent of its manufacturing payroll between 2000 and 2010, representing the loss of a 742,089 jobs in the sector, according to U.S. Census data.