- Ali Vitali reports on economic issues in Ohio, noting how they are affected by policies of the Trump administration.
- Trump administration officials, including Peter Navarro, advised on trade policy and shared experiences of factory closures in Ohio and Pennsylvania.
ISM Manufacturing Index Hits 55.5, Marking Tenth Month of Expansion
What happened
Peter Navarro, Director of the Office of Trade and Manufacturing Policy, referenced a recent report from the Institute for Supply Management. The ISM Manufacturing Index rose a full point in October to 55.5, surpassing Wall Street expectations of 54.7. This reading marks the tenth consecutive month that American manufacturing has been in expansion territory, according to the report.
From redstate.com
Why it matters
The report, which was released alongside a document detailing an emerging American manufacturing renaissance, suggests a significant turnaround in the sector. Navarro attributed this trend to policy changes, noting that the internal metrics are stronger than the headline index.
Trump administration officials, including Peter Navarro, have previously advised on trade policy and discussed factory closures in Ohio and Pennsylvania.
From redstate.com
Who's involved
- Peter NavarroDirector of the White House Office of Trade and Manufacturing Policy
- Office of Trade and Manufacturing PolicyWhite House executive office that released the manufacturing renaissance report
- Institute for Supply ManagementOrganization that supplied the ISM Manufacturing Index report
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The entities involved
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Peter Navarro
American economist and author, Trump advisor (born 1949)
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Office of Trade and Manufacturing Policy
US executive office
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Institute for Supply Management
ISM is the first and largest nonprofit professional supply management organization worldwide.