new orders

Manufacturing Contracts - ISM PMI 49.7% for June 2012

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.


ISM Manufacturing PMI 53.5% for May 2012

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.

Manufacturing ISM PMI 54.8% for April 2012

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.

Factory Orders Up 1.3% for February 2012

The Manufacturers' Shipments, Inventories, and Orders report was released today. This report is called Factory Orders by the press and covers both durable and non-durable manufacturing orders, shipments and inventories. While new orders increased 1.3% from January, the first thing to notice is new orders have recovered to pre-recession levels.