April 2, 2014

PMI Expands Again in March
 
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month. The PMI for March was 53.7 percent, 0.5 percentage point better than February, 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, 14 reported growth in March, including fabricated metal products, primary metals and machinery. Among the four industries reporting contraction was miscellaneous manufacturing.

"The PMI for January and February of 52.7 percent corresponds to a 3.1 percent increase in real gross domestic product on an annualized basis," says Bradley Holcomb, chairman of ISM's Manufacturing Business Survey Committee. "If the PMI for March is annualized, it corresponds to a 3.5 percent increase in real GDP annually."

The New Orders Index registered 55.1 percent, an increase of 0.6 percentage point from February's reading of 54.5 percent. The Production Index registered 55.9 percent, a substantial increase of 7.7 percentage points compared to February's reading of 48.2 percent.

Employment grew for the ninth consecutive month, but at a slower rate by 1.2 percentage points, registering 51.1 percent compared to February's reading of 52.3 percent. The Inventories Index registered 52.5 percent in March, the same reading as reported in February, and indicates that inventories are growing for the second consecutive month, following two consecutive months of contraction.


June 2016: Toeing the Line on Workers' Wages
More...
 
Pause
June 2016: Take a Pass on Pass-Through DBEs
More...
Fall 2015: Cutting & Sawing Equipment
More...
Summer 2015
More...
 
Pause
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, July 28, 2016