The Institute for Supply Management’s Manufacturing Report On Business Survey. (Photo: REUTERS)
The Manufacturing ISM Report On Business, the Institute for Supply Management gauge of national factory activity crawled out of contraction to 51.5 in September. That’s an increase of 2.1 percentage points from the August reading of 49.4 percent.
However, while the manufacturing sector grew overall, more industries reported contraction than expansion.
Of the 18 manufacturing industries, 7 are reporting growth in September in the following order: Nonmetallic Mineral Products; Furniture & Related Products; Textile Mills; Food, Beverage & Tobacco Products; Computer & Electronic Products; Miscellaneous Manufacturing; and Paper Products.
The 11 industries reporting contraction in September — listed in order — are: Printing & Related Support Activities; Petroleum & Coal Products; Wood Products; Apparel, Leather & Allied Products; Transportation Equipment; Machinery; Plastics & Rubber Products; Primary Metals; Fabricated Metal Products; Chemical Products; and Electrical Equipment, Appliances & Components.
| MANUFACTURING AT A GLANCE September 2016 |
||||||
|---|---|---|---|---|---|---|
|
Index |
Series Index Sep |
Series Index Aug |
Percentage Point Change |
Direction |
Rate of Change |
Trend* (Months) |
| PMI® | 51.5 | 49.4 | +2.1 | Growing | From Contracting | 1 |
| New Orders | 55.1 | 49.1 | +6.0 | Growing | From Contracting | 1 |
| Production | 52.8 | 49.6 | +3.2 | Growing | From Contracting | 1 |
| Employment | 49.7 | 48.3 | +1.4 | Contracting | Slower | 3 |
| Supplier Deliveries | 50.3 | 50.9 | -0.6 | Slowing | Slower | 5 |
| Inventories | 49.5 | 49.0 | +0.5 | Contracting | Slower | 15 |
| Customers’ Inventories | 53.0 | 49.5 | +3.5 | Too High | From Too Low | 1 |
| Prices | 53.0 | 53.0 | 0.0 | Increasing | Same | 7 |
| Backlog of Orders | 49.5 | 45.5 | +4.0 | Contracting | Slower | 3 |
| New Export Orders | 52.0 | 52.5 | -0.5 | Growing | Slower | 7 |
| Imports | 49.0 | 47.0 | +2.0 | Contracting | Slower | 2 |
| OVERALL ECONOMY | Growing | Faster | 88 | |||
| Manufacturing Sector | Growing | From Contracting | 1 | |||
Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Supplier Deliveries Indexes.
*Number of months moving in current direction.
William Miller / October 5, 2016
@PPDNews but @POTUS and @HillaryClinton say we have recovered so well….
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