NewsArticles
Minimize


Sept. 3, 2014

PMI Hits Highest Mark Since 2011
 
Economic activity in the manufacturing sector expanded in August for the 15th consecutive month as the PMI reached 59.0 percent, reports the Institute for Supply Management, Tempe, Ariz. The reading is 1.9 percentage points above the July reading, and the highest mark since March 2011. Any reading above 50 represents growth.

Of the 18 manufacturing industries polled, 17 reported growth in August, including fabricated metal products, primary metals, miscellaneous manufacturing and machinery.

The PMI's average of 55 percent from January through August corresponds to a 3.9 percent increase in real gross domestic product. In addition, if the PMI for August is annualized, it corresponds to a 5.2 percent increase in real GDP annually, says Dean Holcomb, chairman of ISM's Manufacturing Business Survey Committee.

Additionally, ISM's New Orders Index registered 66.7 percent, an increase of 3.3 percentage points. The Production Index was at 64.5 percent, 3.3 percentage points above July's reading. The Employment Index grew for the 14th consecutive month to 58.1 percent.


From the Editor's Desk
Minimize
April 2016: Economic Pill's Hard to Swallow
More...
 
Pause
Business Practices and Technologies
Minimize
April 2016: Kuehl: 'We Are Better Off Than Before the Recession'
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
Directories
Minimize
Metal Center News Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
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.  



 
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.



 
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



Wednesday, May 25, 2016