Local manufacturers rebounded from an August swoon to move back into a growth mode for the 19th time in the last 20 months.
A survey of local purchasing managers found that local manufacturers started growing again after posting their worst month in more than 18 years during August, as production and hiring bounced back.
The Institute of Supply Management – Buffalo’s business activity index rose to 56.8, solidly in the range that indicates an expanding factory sector, after plunging to 31.7 during August. An index reading of more than 50 indicates growth, while an index of less than 50 is a sign of decline.
Jay K. Walker, the Niagara University economist who compiles the survey, had preached caution in the wake of August’s weak results, and the September rebound showed that local manufacturers are on more solid footing, much like they have been throughout all of 2014 and nearly all of 2015.
“Things are stronger locally, except for new orders,” which remained soft during September, he said.