NewsArticles
Minimize


March 5, 2014

PMI Jumps to 53.2 Percent in February

Economic activity in the manufacturing sector bounced back in February to show growth for the ninth consecutive month. February's PMI was 53.2 percent, 1.9 percentage points better than January, according to the latest Manufacturing Report on Business from the Tempe, Ariz.-based Institute for Supply Management. A reading above 50 indicates growth.

Of the 18 manufacturing industries surveyed, purchasing managers from 14 reported growth in February, including fabricated metal products, primary metals and appliances and components. Among the three industries reporting contraction was miscellaneous manufacturing.

The February PMI indicates growth for the 57th consecutive month in the overall economy. "The PMI for January and February of 52.3 percent corresponds to a 3 percent increase in real gross domestic product on an annualized basis," says Bradley Holcomb, chairman of ISM’s Manufacturing Business Survey Committee. "In addition, if the PMI for February is annualized, it corresponds to a 3.3 percent increase in real GDP annually."

The New Orders Index registered 54.5 percent, an increase of 3.3 percentage points from January, while the Production Index fell 6.6 percentage points to 48.2 percent. Inventories of raw materials grew 8.5 percentage points to 52.5 percent. As was the case with January, the difficult winter weather conditions throughout most of North America likely played a role in some of the readings.

ISM's Employment Index registered 52.3 percent in February, the same as in January. It represented the eighth consecutive month of growth in employment in the manufacturing sector.

From the Editor's Desk
Minimize
May 2014: Battling Misperceptions About Hiring Veterans
More...
 
Pause
Business Practices and Technologies
Minimize
May 2014: Economy's 'In a Really Good Place'
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2013
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
More...
 
Pause
Directories
Minimize

 
Metal Distribution 2014  is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.
 



 
2014 Directory of Master Distributors
Not Published on This Web site
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.


Print copies are available for $85 U.S. for each copy.
Download Order Form.
 
2014 Directory of Toll Processors
Not Published on This Web site
Metal Center News'
annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Print copies are available for $85 U.S. for each copy. Download Order Form.
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Tuesday, July 22, 2014