April 13, 2016

Manufacturing Activity Expands in March

Economic activity in the manufacturing sector expanded in March for the first time since October 2015, as the PMI reached 51.8 percent, reports the Tempe, Ariz.-based Institute for Supply Management. The March PMI was 2.3 percentage points better than February’s reading of 49.5 percent, which was below the 50 percent figure that signifies growth.

Of the 18 manufacturing industries surveyed, 12 reported growth in March, including fabricated metal products, primary metals, machinery and miscellaneous manufacturing. Appliances and components and transportation equipment were among the five industries reporting contraction in March.

Among the other indices, ISM’s New Products Index increased 6.8 percentage points to 58.3 percent, while the Production Index climbed 2.5 points to 55.3 percent. The Employment Index fell 0.4 to 48.5 percent.

The March PMI, if annualized, would represent a 2.7 percent increase in real GDP annually, says Bradley J. Holcomb, chairman of ISM’s Manufacturing Business Survey Committee. The average PMI of 49.8 percent for the first three months of the year corresponds to a 2.1 percent increase in GDP.


September 2017: Numbers Don’t Add Up for Service Centers
More...
 
Pause
September 2017: Lichtenstein: Five Steel Truths that Demand Attention
More...
Fall 2016: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Monday, October 23, 2017