Aug. 2, 2017

Manufacturing Economy Grows in July

Economic activity in the manufacturing sector expanded in July for the 11th-straight month, reports the Institute for Supply Management in its latest Report on Business. The July PMI was 56.3 percent, a decrease of 1.5 percentage points from June but above the 50 percent representing growth.

Other indices also demonstrated slowing growth in July. The New Orders Index was down 3.1 percent to 60.6 percent, the Production Index fell 1.8 percentage points to 60.6 percent and the Employment Index was at 55.2 percent, down 2 percentage points from June.

Fabricated metal products, primary metals, machinery, appliance and components, transportation and miscellaneous manufacturing were among the 15 industries reporting growth. Only three industries reported contraction.

If annualized, the PMI for July corresponds to a 4.1 percent growth in real GDP annually, according to Timothy Fiore, chairman of the Tempe, Ariz.-based ISM’s Manufacturing Business Survey Committee. The average PMI through July of 56.4 percent also corresponds to a 4.1 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



Wednesday, October 18, 2017