The September ISM Manufacturing Survey shows PMI increased 0.5 percentage points to 56.2%. Seems the survey results are holding and PMI is now at the highest level for the year, although of course the latest Congressional economic sabotage through shutdown and debt ceiling hostage taking hasn't hit the manufacturing sector yet.
The August ISM Manufacturing Survey shows PMI increased 0.3 percentage points to 55.7%. Seems the survey results held the July blow out increase and PMI is now at the highest level for the year. New orders showed the most promise, with a 4.9 percentage point increase from last month, although the production index declined.
The July 2013 ISM Non-manufacturing report shows the overall index increased, 3.8 percentage points, to 56.0%. The NMI is also referred to as the services index and the increase indicates faster growth for the service sector. The business activity index soared by 8.7 percentage points to 60.4%, a high not seen since December 2012.
The July ISM Manufacturing Survey shows PMI had a blow out increase of 4.5 percentage points to 55.4%. Manufacturing has moved into sold growth with new orders increasing by 6.4 percentage points and production roaring in an 11.6 percentage point gain. Even the employment index increased. Let's hope this month isn't a statistical anomaly for the United States sorely needs her manufacturing base to start humming again.
The June ISM Manufacturing Survey shows PMI recovered from last month's contraction by 1.9 percentage points to 50.9%. Manufacturing has moved into growth, but barely. Most of the major sub-indexes switched to growth except employment, which lags new orders and production. This is the first time manufacturing employment has shrunk since September 2009, not a welcome sign.
The May ISM Manufacturing Survey shows PMI crumbled by -1.7 percentage points to 49.0%. Manufacturing has moved into contraction. Manufacturing also contracted in November 2012 and previous to that, July 2009. Both new orders and production contracted indicating bad news for the U.S. manufacturing sector and the index details are even more ominous.
The April 2013 ISM Manufacturing Survey shows PMI slid by -0.6 percentage points to 50.7%. This is expansion but much slower. Expansion has occurred for the 5th month in a row., although this is the lowest PMI of 2013. Overall the report implies a stagnant manufacturing sector, ho hum, and not much to write home about.
The March 2013 ISM Manufacturing Survey shows PMI decreased by -2.9 percentage points to 51.3% and is in expansion for the 4th month in a row. New orders as well as production declined significantly from last month and show a slower growth manufacturing sector. March's Manufacturing survey shows inventories contracted as well.
The February 2013 ISM Manufacturing Survey shows PMI increased by 1.1 percentage points to 54.2% and is in expansion for the 3rd month in a row. This is the 5th time in nine months manufacturing PMI has been in expansion and the highest manufacturing PMI since June 2011. Overall the report is solid manufacturing expansion and a pleasant surprise considering U.S. politics.
The January 2013 ISM Non-manufacturing report shows the overall index decreased, -0.5 percentage points, to 55.2%. The NMI is also referred to as the services index and the decline indicates slower growth for the service sector. The index also shows more inventory contraction. For those believing the Q4 GDP inventory shed was just temporary should read on.
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