The September 2011 ISM Manufacturing Surveyincreased 1.0 percentage points to 51.6%. This is a pleasant surprise. While a 51.6% PMI isn't anything to write home about, it is an increase and indicates manufacturing expansion. Below is the manufacturing composite index, PMI, still around 2008 levels.
The ISM Non-manufacturing report for July 2011 shows the overall index increased to 53.3%, the same as June and up +0.6 points from July's 52.7%. This report is also referred to as the services index, or service sector index.
The ISM Non-manufacturing report for July 2011 shows the overall index decreased to 52.7%, -0.6 points lower than June's 53.3% and the same level as February 2010. This report is also referred to as the services index, or service sector index. The services sector is slowing down.
The ISM Non-manufacturing report for June 2011 is out. The overall index decreased to 53.3%, -1.3 points lower than May's 54.6%. This report is also referred to as the services index, or service sector index. By taking a look at 2011 as a whole in the graphs below, it appears the services sector is slowing down.
The May 2011 ISM Manufacturing Survey has some bad news. PMI plunged -6.9 percent points to 53.5%, from 60.4% in April. This is the lowest PMI since September 2009. PMI dropped 11.4% by percentages and this is worse than October 2008.
The April 2011 ISM Manufacturing Survey was released April 1st. PMI dropped 0.8 percent points to 60.4%, from 61.2% in March. This is the 4th month for the manufacturing index to be above 60%. The employment index is at it's highest point in 38 years for the first 4 months of 2011.
The March 2011 ISM Manufacturing Survey was released April 1st. PMI dropped slightly to 61.2%, from a strong 61.4% in February, when the factory index and it's highest level since May 2004. This is the 3rd month for the manufacturing index to be above 60%.
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