US Textile Manufacturing Industry Is Booming In September
The manufacturing industry in the United States rose in September, and the textile industry has emerged as one of the 7 major industries that are growing.
The 10 largest industry announced that raw material prices continued to increase in September.
Among them,
Textile mill
Clothing, leather and related products rank first.
The manufacturing index of The Institute for Supply Management grew from 49.4% in August to 51.5%, and 7 industries in 18 manufacturing industries showed positive growth in September.
Textile mills also grew, while leather and related products contracted.
The index points out that
Signal index
Growth is above 50, and all other signals are tightening.
The new orders and production expanded double last month, with 55.1% and 52.8% respectively.
The former has the largest growth since March.
However, new orders and production of garments, leather and related products were reduced in September.
ISM
Import index
In September, it was 49%; compared to 47% in August, more than 2%, which means second consecutive months of import reduction.
In addition, ready-made garments, leather and related products have been reported in the previous major industries in September.
At the same time, the factory employment pressure scale increased from 48.3% in August to 49.7% in September. Today (2016) so far, it has contracted continuously for a month.
In the 18 manufacturing industries, the textile industry has reached 7 major industries and first jobs.
The index was unmoved in August and paid 53% of the price, indicating that raw material prices had risen for seventh consecutive months. In September, 20% of respondents said they were willing to pay higher prices. 14% indicated that they wanted to pay a lower price. 66% of the senior executives in charge of supply indicated that they paid the same price as that in the month (8).
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