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.
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 Philly Fed Survey current business activity index plunged -30.7% for August. The below graph is the Philadelphia Fed Current Business Activity Index against Industrial Production, the national manufacturing and output indicator, released by the Fed.
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.
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