ISM Manufacturing Index

  • ISM Manufacturing Index

    Manufacturing index reaches highest level of last 13+ years

    - by Tom Sanderson

    Manufacturing index reaches highest level of last 13+ years

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) increased  to 60.8 in September from 58.8 in August. This was the highest PMI since May 2004. So far every month of 2017 has had a higher index than any month of 2016. After contracting in August 2016, the manufacturing sector has expanded at a strong pace.  PMI came in above expectations (58.0). The New Order Index increase by 4.3 points to 64.6. The Production Index rose by 1.2 points to 62.2. Of 18 manufacturing industries, 17 reported monthly growth in September.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August.

    An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing index reaches highest point in nearly 3 years

    - by Tom Sanderson

    Manufacturing index reaches highest point in nearly 3 years

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) increased  to 57.8 in June from 54.9 in May. This was the highest PMI since August 2014. So far every month of 2017 has had a higher index than any month of 2016. After contracting in August 2016, the manufacturing sector has expanded at a strong pace.  PMI came in above expectations (55.1). The New Order Index increase by 4 points to 63.5. The Production Index rose by 5.3 points to 62.4. Of 18 manufacturing industries, 15 reported monthly growth in June.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August.

    An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing index increased in May after declining in prior two months

    - by Tom Sanderson

    Manufacturing index increased in May after declining in prior two months

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) increased slightly to 54.9 in May from 54.8 in April. So far every month of 2017 has had a higher index than any month of 2016. After contracting in August 2016, the manufacturing sector has expanded at a strong pace.  PMI came in above expectations (54.6). The New Order Index increase by 2 points to 59.5. The Production Index fell by 1.5 points to 57.1. Of 18 manufacturing industries, 15 reported monthly growth in May.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August.

    An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing remains strong in April

    - by Tom Sanderson

    Manufacturing remains strong in April

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) fell slightly to 54.8 in April from 57.2 in March. So far every month of 2017 has had a higher index than any month of 2016. After contracting in August 2016, the manufacturing sector has expanded at a strong pace.  PMI came in below expectations (56.5). The New Order Index fell by 7 points to 57.5. The Production Index increased by 1.0 points to 58.6. Of 18 manufacturing industries, 16 reported monthly growth in April.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August.

    An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing continues strong expansion in March

    - by Tom Sanderson

    Manufacturing continues strong expansion in March

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) fell slightly to 57.2 in March from 57.7 in February. After December posted the highest index level of 2016, the first quarter of 2017 has posted exceptionally strong numbers – the highest 3-month average since October 2014. After contracting in August 2016, the manufacturing sector has expanded at a strong pace.  PMI came in close to expectations (57.1). The New Order Index fell by 0.6 points to 64.5. The Production Index fell by 5.3 points to 57.6. Of 18 manufacturing industries, 17 reported monthly growth in March.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing index reaches highest point since August 2014

    - by Tom Sanderson

    Manufacturing index reaches highest point since August 2014

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) rose to 57.7 in February from 56.0 in January. After December posted the highest index level of 2016, January got 2017 off to a great start with the highest manufacturing index since November 2014, and now February has come in even higher. After contracting in August 2016, the manufacturing sector has expanding at a strong pace.  PMI came in above expectations (56.1). The New Order Index rose by 4.7 points to 65.1. The Production Index rose by 1.5 points to 62.9. Of 18 manufacturing industries, 17 reported monthly growth in February.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing, New Orders, and Production Indexes reach highest point since November 2014

    - by Tom Sanderson

    Manufacturing, New Orders, and Production Indexes reach highest point since November 2014

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) rose to 56.0 in January from 54.5 in December. After December posted the highest index level of 2016, January got 2017 off to a great start with the highest manufacturing index since November 2014. After contracting in August 2016, the manufacturing sector has expanding at a strong pace.  PMI came in above expectations (55.0). The New Order Index rose by 0.1 points to 60.4. The Production Index rose by 2.0 points to 61.4. Both of these indexes registered their highest levels since November 2014. Of 18 manufacturing industries, 12 reported monthly growth in January.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. In 2016, the index ranged from 48.2 (Jan) to 54.5 (Dec) but it was not a steady rise, with manufacturing contracting in February and August. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than most other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing expands in October; 3rd highest PMI of 2016

    - by Tom Sanderson

    Manufacturing expands in October; 3rd highest PMI of 2016

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index (PMI) rose to 51.9 in October from 51.5 in September. March broke a streak of 5 consecutive months of contraction in the manufacturing sector of the economy, and began a streak of 5 consecutive months of expansion. After contracting in August, the manufacturing sector has expanding again the last two months.  PMI came in above expectations (51.6). The New Order Index fell by 3 points to 52.1. The Production Index rose by 1.8 points to 54.6. Of 18 manufacturing industries, 10 reported monthly growth in October.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. This year we have not seen a number above June’s 53.2. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing expands in September following one month of contraction in August

    - by Tom Sanderson

    Manufacturing expands in September following one month of contraction in August

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index rose to 51.5 in September from 49.4 in August. March broke a streak of 5 consecutive months of contraction in the manufacturing sector of the economy, and began a streak of 5 consecutive months of expansion. After contracting in August the manufacturing sector is expanding again.  PMI came in above expectations (50.2). The New Order Index rose by 6 points to 55.1. The Production Index rose by 3.2 points to 52.8. Of 18 manufacturing industries, only 7 reported monthly growth in September.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. This year we have not seen a number above June’s 53.2. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than other areas of the economy.

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  • ISM Manufacturing Index

    Manufacturing slows down in August

    - by Tom Sanderson

    Manufacturing slows down in August

    The Institute of Supply Management (ISM) reported that the Purchasing Managers’ Index fell to 49.4 in August from 52.6 in July. March broke a streak of 5 consecutive months of contraction in the manufacturing sector of the economy, and and began a streak of 5 consecutive months of expansion. August data shows the manufacturing sector is contracting again.  PMI came in below expectations (52.2). The New Order Index fell 7.8  points to 49.1. The Production Index fell by 5.8 points to 49.6. Of 18 manufacturing industries, only 6 reported monthly growth in August.

    After a slow start in January of 2014, PMI recovered, with a range of 54.3 to 58.1 for the balance of 2014. We did not see a reading above 53.9 in 2015, and that high mark was reached in January. This year we have not seen a number above June’s 53.2. An index over 50 indicates growth while a PMI under 50 represents contraction in the manufacturing sector of the economy. The index reached a low of 32.5 in December 2008 but then recovered more quickly than other areas of the economy.

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