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Leathermakers share in US manufacturing recovery

11/12/2003

The US leather industry was one of 18 to record growth in November 2003, as US manufacturing as a whole continued to expand.

 

In its report for the month, the Institute of Supply Management (ISM) noted that manufacturing grew for the fifth consecutive month as the wider economy expanded for 25th consecutive month.  The continuing rise in both output and supplier confidence levels was reflected in the increase seen in the closely-watched ISM Purchasing Managers Confidence Index.  This climbed 5.8 points to 62.8%, where an index of below 50% indicates contraction and above 50% growth. 

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