Sept. 4, 2013

PMI Hits New 2013 High at 55.7 Percent
 
Economic activity in the manufacturing sector expanded in August for the third straight month, continuing its summer run of strength, according to the Tempe, Ariz.-based Institute for Supply Management’s latest Manufacturing Report on Business. ISM's PMI registered 55.7 percent, an increase of 0.3 percentage points from July and the highest reading of the year. A reading above 50 indicates growth. Overall, the economy grew for the 51st consecutive month.

Of the 18 manufacturing industries surveyed, purchasing managers in 15 reported growth in August. Those seeing growth included primary metals, fabricated metal products and machinery. Miscellaneous manufacturing was the only industry to report contraction in August.

The PMI of 52.5 percent for the first seven months would correspond to a 3.2 percent increase in real gross domestic product, says Bradley J. Holcomb, chairman of ISM”s Manufacturing Business Survey Committee. Moreover, if the PMI for August is annualized, it corresponds to a robust 4.2 percent increase in real GDP.

ISM’s New Orders Index increased in August by 4.9 percentage points to 63.2 percent, while the Production Index decreased by 2.6 percentage points to 62.4 percent. The Employment Index registered 53.3 percent, a decrease of 1.1 percentage points compared to July's reading. The Prices Index registered 54 percent, increasing 5 percentage points from July, indicating that overall raw materials prices increased when compared to the previous month.

January 2017: Consider the Tradeoffs of Trade Policies, Jobs
More...
 
Pause
January 2017: Conditions Right for M&A
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2016
More...
 
Pause
Behringer Expands VA-L Line of Circular Cold Saws
More...
Hypertherm Increases Power in Powermax45 XP
More...
Marvel Saw Cuts Specialty Metals
More...
KASTO Band Saw Reduces Cutting Times
More...
Messer MetalMaster Delivers Precise Bevels
More...
ASKO’s HXT Knives Cut High-Strength Steels
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Friday, February 24, 2017