U.S. manufacturing expanded in November. The November 2011 ISM Manufacturing Surveyincreased +1.9 percentage points to 52.7% PMI. Below is the manufacturing composite index, PMI, on an upswing, similar to August 2009.
The October 2011 ISM Manufacturing Surveydecreased -0.8 percentage points to 50.8% PMI. While still considered expansion, this is a slowdown from last month. Below is the manufacturing composite index, PMI, still around 2008 levels.
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 Institute for Supply Management has come out with it's latest manufacturing numbers for January 2009.
January marked 12 months of contraction in the manufacturing sector. However, the rate of decline as measured by the PMI was slower than experienced in December.
Here Come the Stats. The Institute of Supply ManagementPMI is now at 36.2. That is the lowest number since 1980, when it was 24.2.
PMI is a manufacturing index with nine components: New Orders, Production, Employment, Supplier Deliveries, Inventories, Prices, New Export Orders, Imports, and Backlogs.
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