In their September “Report on Business,” The Institute For Supply Management (ISM) in Arizona noted:
    “New orders, production, and employment [are] growing whilst supplier deliveries slowed as inventories were contracting.
    “Economic activity in the manufacturing sector expanded in August for the 32nd consecutive month, and the overall economy grew for the 75th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.”
    Here are some comments from leading manufacturing members of ISM:

1. “Falling crude oil prices are benefiting all resin based purchases as well as positively impacting fuel surcharges for inbound products.” (Food, Beverage & Tobacco Products)
2. “We are oversold.” (Paper Products)
3. “Business is still strong but has slowed slightly.” (Transportation Equipment)
4. “Modest growth slightly ahead of GDP. Optimistic for the remainder of the year as we have little international exposure.” (Chemical Products)
5. “FX [Foreign Exchange] continues to be a challenge, especially in Europe. Overall though, the mood is fairly upbeat regarding H2 [second half of 2015] as we ramp up for a new product launch.”
   (Computer & Electronic Products)
6. “Our business is good due to the increase in commercial construction.” (Fabricated Metal Products)
7. “Raw metals price decreases will impact our business favorably.” (Miscellaneous Manufacturing)
8. “Business is guarded but steady. Margins are tight. Markets are very competitive. China is lackluster.” (Wood Products)
9. “Automotive companies are investing heavily in upgrading their equipment.” (Machinery)
10. “Business is strong and doing well. Labor continues to be a struggle to find.” (Furniture and Related Products)

Geoffrey