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 Non-manufacturing report shows the overall index decreased, -1.6 percentage points, to 52.1%. The NMI is also referred to as the services index and the decline indicates slower growth for the service sector.
The Manufacturers' Shipments, Inventories, and Orders report shows a May 0.7% new orders increase after two months of decline. This statistical release is called Factory Orders by the press and covers both durable and non-durable manufacturing orders, shipments and inventories.
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 Non-manufacturing report shows the overall index increased +0.2 to 53.7%. The NMI is also referred to as the services index, or service sector index.
The Manufacturers' Shipments, Inventories, and Orders report shows an April -0.6% decline in new orders after March's -2.1% new orders decline. This report is called Factory Orders by the press and covers both durable and non-durable manufacturing orders, shipments and inventories.
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.
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