Manufacturing sector expands, according to the latest Manufacturing ISM Report On Business

Source: ISM

Sep 30, 2010

Economic activity in the manufacturing sector expanded in August for the thirteenth consecutive month, and the overall economy grew for the sixteenth consecutive month, according the nation's supply executives in the latest Manufacturing ISM Report On Business.

The report was issued by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee. "Manufacturing activity continued at a very positive rate in August as the PMI rose slightly when compared to July. In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate. August represents the thirteenth consecutive month of growth in U.S. manufacturing."

Performance by industry

Eleven of the 18 manufacturing industries are reporting growth in August, in the following order: Primary Metals; Apparel, Leather and Allied Products; Transportation Equipment; Fabricated Metal Products; Electrical Equipment, Appliances and Components; Miscellaneous Manufacturing; Computer and Electronic Products; Paper Products; Chemical Products; Food, Beverage and Tobacco Products; and Printing and Related Support Activities. The five industries reporting contraction in August are: Furniture and Related Products; Petroleum and Coal Products; Nonmetallic Mineral Products; Plastics and Rubber Products; and Machinery.

MANUFACTURING AT A GLANCE
AUGUST 2010


Index
Series
Index
August
Series
Index
July
Percentage
Point
Change


Direction
Rate
of
Change

Trend*
(Months)
PMI 56.3 55.5 +0.8 Growing Faster 13
New Orders 53.1 53.5 -0.4 Growing Slower 14
Production 59.9 57.0 +2.9 Growing Faster 15
Employment 60.4 58.6 +1.8 Growing Faster 9
Supplier Deliveries 56.6 58.3 -1.7 Slowing Slower 15
Inventories 51.4 50.2 +1.2 Growing Faster 2
Customers' Inventories 43.5 39.0 +4.5 Too Low Slower 17
Prices 61.5 57.5 +4.0 Increasing Faster 14
Backlog of Orders 51.5 54.5 -3.0 Growing Slower 8
Exports 55.5 56.5 -1.0 Growing Slower 14
Imports 56.5 52.5 +4.0 Growing Faster 12
             
OVERALL ECONOMY Growing Faster 16
Manufacturing Sector Growing Faster 13

*Number of months moving in current direction.

Commodities reported up/down in price and in short supply

Commodities Up in Price

Caustic Soda; Copper; and Corrugated Containers (6).

Commodities Down in Price

Polyethylene (2); Polypropylene; and Steel (2).

Commodities in Short Supply

Capacitors (2) is the only commodity listed in short supply.

Note: The number of consecutive months the commodity is listed is indicated after each item.
View the complete report.

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