factory index

Manufacturing ISM for September 2010 - 54.4%

The September 2010 ISM Manufacturing Survey is out and PMI came in at 54.4%. August 2010 manufacturing ISM was 56.3%. This is a -1.9% decline in the factory index. While this is the 14th month for expansion (anything above 50 is an expansion), this is a slowing on the manufacturing ISM. The below graph shows PMI is now back to December 2009 levels.


Manufacturing on Life Support - ISM Factory Index at 38.9% - Lowest since 1982

Our ignored economic engine, manufacturing, is on life support.

Factory Index Declines to 26-Year Low:

The Institute for Supply Management's factory index fell to 38.9 from 43.5 in September; 50 is the dividing line between expansion and contraction. The Commerce Department said separately that construction spending fell for the eighth time in 10 months in September

From the ISM press release: