The September 2012 ISM Manufacturing Survey PMI increased, 1.9 percentage points, to 51.5% and moved into expansion. This is welcome news for the ISM manufacturing survey showed contraction for the previous three months. One of the survey respondents called the previous manufacturing slowdown a summer thing, let's hope they are right.
The August 2012 ISM Manufacturing Survey PMI decreased, -0.2 percentage points, to 49.6% and is in contraction for the 3rd month in a row. In July 2009 the PMI registered 49%. Shrinkage is the theme of August's ISM manufacturing survey as the shadows of 2009 infiltrate this report.
The July 2012 ISM Manufacturing Survey PMI increased, +0.1 percentage points, to 49.8%, but is still in contraction, the 2nd month in a row. Previously PMI showed 34 months of growth and this month's PMI shows June was not a fluke. In July 2009 the PMI registered 49%. Employment this month dropped -4.6 percentage points and new orders are still in contraction.
The June 2012 ISM Manufacturing Survey PMI declined, -3.8 percentage points, to 49.7% and indicates U.S. Manufacturing just went into contraction after 34 months of growth. In July 2009 the PMI registered 49%. New orders simply fell off of a cliff and hasn't been this low since April 2009. Prices paid for raw materials absolutely plunged. This is a downright frightening and terrible report.
The May 2012 ISM Manufacturing Survey PMI declined -1.3 percentage points to 53.5% and indicates U.S. Manufacturing grew at slower pace in May, yet new orders hit a high not seen since April 2011. Prices paid for raw materials absolutely plunged and is the lowest since December 2011. Survey comment responses were a mixed bag, but generally positive overall. Chemical Products appears to have had a bad month.
The April 2012 ISM Manufacturing Survey increased +1.4 percentage points to 54.8% PMI, and indicates U.S. Manufacturing grew at a faster pace in April. Survey respondents are concerned about economic conditions in Europe and worry about the meager U.S. job growth. Food and Beverages report warm weather increased their sales and Computers & Electronics says sales are slowing.
U.S. manufacturing expanded in January primarily due to new orders and production. The January 2012 ISM Manufacturing Surveyincreased +1.0 percentage points to 54.1% PMI. December PMI was revised down, from 53.9% to 53.1% in the ISM's annual revisions. The revisions changed mainly due to the U.S.
U.S. manufacturing expanded in December primarily due to employment and production. The December 2011 ISM Manufacturing Surveyincreased +1.2 percentage points to 53.9% PMI.
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