ISM

Manufacturing Growth Tapering as PMI Continues to Slide Towards Neutral

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.

ISM Manufacturing Comes Down Further From It's Lofty Highs in December

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.

ISM Manufacturing Shows Highest Production in a Decade and New Orders On Fire

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.

 

ISM Manufacturing PMI Bounce Back While Production Pummeled for February 2014

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.

ISM Manufacturing PMI Pummeled for January 2014

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.

ISM NMI 53.0% Shows Service Sector Slides As New Orders Plunge

The December 2013 ISM Non-manufacturing report shows the overall index decreased by -0.9 percentage points, to 53.0%.  The NMI is also referred to as the services index and the decrease indicates slower growth for the service sector.  New orders just plunged, by -7.0 percentage points, and went into contraction.  So did inventories as well as order backlogs stayed in contraction.

ISM Manufacturing PMI 57% But Inventories Contract for December 2013

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.

 

ISM Manufacturing PMI Hits Another Year High, 57.3% for November 2013

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.

 

ISM Manufacturing PMI Another Year High, 56.4% for October 2013

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.

ISM Services Index Slows - NMI 54.4% for September 2013

The September 2013 ISM Non-manufacturing report shows the overall index decreased by -4.2 percentage points, to 54.4%.  The NMI is also referred to as the services index and the decrease indicates slower growth for the service sector.  The business activity index dropped by -7.1 percentage points to 55.1%.  Both indexes are still above June 2013 levels.

 

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