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Manufacturing Expands in October

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in October for the second consecutive month following three months of slight contraction, and the overall economy grew for the 41st consecutive month.

Of the 18 manufacturing industries, eight are reporting growth in October: Petroleum and coal Products; furniture and related Products; apparel, Leather and allied Products; Paper Products; Miscellaneous Manufacturing; food, Beverage and tobacco Products; plastics and rubber Products; and Chemical Products.

The eight industries reporting contraction in October—listed in order—are Primary Metals, Wood Products, machinery, Fabricated Metal Products, Transportation Equipment, Electrical Equipment, Appliances & Components, computer and electronic Products, and Nonmetallic Mineral Products.

Picture of Buddy Z

Buddy Z

Buddy has worked with and been a minority owner of other industry leading finance companies where he served as a Marketing Manager and Vice President. He is devoted to the advancement of the commercial finance industry and has chaired industry conferences and currently serving as chairman of the AACFB Education Committee.

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  • * CFP has invested billions into US companies, with 40% returning for additional funding for new projects.
  • * The ultimate measure of success in the equipment leasing business is the number of existing clients returning for additional funding based on their first positive experience.