NewsArticles
Minimize


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.


From the Editor's Desk
Minimize
June 2015: We All Have a Stake in the Energy Business
More...
 
Pause
Business Practices and Technologies
Minimize
June 2015: AISI: Import Surge Threatens U.S. Industry
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Behringer Saws: HBE Series Features Automatic Adjustments
More...
Trumpf: TruLaser Increases Productivity
More...
Mazak Optonics Corp, new OPTIPLEX Fiber laser-cutting series with Zeta 9
More...
Cosen Saws: CNC-430, a fully automatic programmable band saw
More...
Pat Mooney: Danobat Band Saw Has Zone Cut Technology
More...
Red Bud Industries, Offers Heavy-Gauge Slitters
More...
 
Pause
Directories
Minimize
Metal Center News 2014 Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
2014 Metal Distribution Directory  
(Not Published on This Web site)
Metal Center News' Spring Metal Distribution Directory 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.



 
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.


Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, August 3, 2015