The manufacturing purchasing managers index returns to the expansion range, and non-manufacturing expansion accelerates. Among the 21 industries surveyed, 15 are in the expansion zone, 10 more than last month.
The new export orders index has returned to expansion after running below 50% for 11 consecutive months. The purchasing managers' indices for high-tech manufacturing and equipment manufacturing were 53.9% and 51.6% respectively, up 3.1 and 2.1 percentage points respectively from the previous month.