The March ISM Manufacturing Survey shows manufacturing is barely breathing growth as a monthly -1.4 percentage point decline put PMI near the contraction edge. PMI is now 51.5% and if the index falls below 50%...that's contraction. The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.
The January ISM Manufacturing Survey shows manufacturing is still expanding, abet at an even slower pace than December. PMI dropped by -1.6 percentage points to 53.5% Everything was down this month, new orders especially declined. While technically not showing a contraction, the ISM overall message tells us American manufacturing is close to running idle.
The December ISM Manufacturing Survey shows manufacturing is still expanding, abet at a slower pace than November. PMI dopped by -3.2 percentage points to 55.5%. New orders caused the overall decline and by themselves slid down -8.7 percentage points to go below the 60's level.
The October ISM Manufacturing Survey recovered from last month's plunge. PMI rose by 2.4 percentage points to 59%. New orders caused the overall gain and by themselves jumped up 5.8 percentage points to the 60's level. Production is at highs not seen in a decade. This is a great report, even with declines in petroleum and coal.
The February ISM Manufacturing Survey somewhat recovered from last month's plunge. PMI rose by 1.9 percentage points to 53.2%. This range is really mediocre growth for manufacturing. New orders did rebound with a 3.3 percentage point increase. Yet production just completely imploded, the second month in a row. Many blame the unusually bad weather and freezing cold.
The January ISM Manufacturing Survey PMI was pummeled with an astounding -5.2 percentage point drop in a month. PMI is barely breathing any growth now, down to 51.3%. New orders simply imploded with a -13.2 percentage point decline. This is the largest monthly decline in the history of the ISM manufacturing survey for new orders by our calculations. Many are blaming the unusually bad weather and freezing cold.
The December ISM Manufacturing Survey shows PMI decreased -0.3 percentage points to 57.0%. This is still strong growth, the 2nd highest in 2013, although manufacturing inventories contracted. Overall manufacturing looks stable with 13 of the 18 industries reporting growth. The employment index is at a high not seen since June 2011.
The November ISM Manufacturing Survey shows PMI increased 0.9 percentage points to 57.3%. This is another year high. Overall manufacturing looks strong with 15 of the 18 industries reporting growth. The employment index is at a high not seen since December 2012. New orders and production both increased.
The October ISM Manufacturing Survey shows PMI increased 0.2 percentage points to 56.4% to another year high. Seems the survey results held in spite of the economic sabotage government shutdown although production figures declined by -1.8 percentage points. Increases in Inventories and slowing Supplier Deliveries is the reason PMI increased.
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.
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