NewsArticles
Minimize


Dec. 18, 2013

PMI Reaches 2013 High at 57.3 Percent
 
Economic activity in the manufacturing sector expanded in November for the sixth consecutive month as the PMI registered 57.3 percent, according to the latest Manufacturing Report on Business from the Tempe, Ariz.-based Institute for Supply Management. The figure was an increase of 0.9 percentage points from October and the highest figure in 2013.The PMI has increased each month since June.

Of the 18 manufacturing industries surveyed, 15 reported growth in November, including primary metals, miscellaneous manufacturing and fabricated metal products.

"The past relationship between the PMI and the overall economy indicates that the average PMI for January through November of 53.7 percent corresponds to a 3.6 percent increase in real gross domestic product on an annualized basis,” says Bradley J. Holcomb, chairman of ISM’s Manufacturing Business Survey Committee. “If the PMI for November is annualized, it corresponds to a 4.7 percent increase in real GDP annually."

The New Orders Index increased in November by 3 percentage points to 63.6 percent, while the Production Index increased by 2 percentage points to 62.8 percent. The Employment Index registered 56.5 percent, an increase of 3.3 percentage points compared to October's reading of 53.2 percent. This reflects the highest reading since April 2012.


From the Editor's Desk
Minimize
June 2016: Toeing the Line on Workers' Wages
More...
 
Pause
Business Practices and Technologies
Minimize
June 2016: Take a Pass on Pass-Through DBEs
More...
Fall 2015: Cutting & Sawing Equipment
More...
Summer 2015
More...
 
Pause
New Products
Minimize
Butech Bliss Multi-Blanking Line Handles High-Strength Steel
More...
Bradbury Group: Athader's Double Eccentric Slitter Head Eliminates Movement
More...
FIMI Lines Slit Steel, Aluminum
More...
Red Bud Industries, Offers Heavy-Gauge Slitters
More...
Cosen's MechaLogix System Monitors Blade Life
More...
Behringer Band Saw Designed for Fast Material Removal
More...
Pat Mooney: Danobat Band Saw Has Zone Cut Technology
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Thursday, June 30, 2016