Metal Center News
Minimize
  
6-2-2011 News
Minimize
ISM: Economic Growth Slows in May

Manufacturing growth slowed to its lowest reading in more than year, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management, Tempe, Ariz. Economic activity expanded for the 22nd consecutive month and the overall economy grew for the 24th straight, but the PMI dipped 6.9 percentage points to 53.5 percent. It was the first time the reading was under 60 percent in 2011.

“Slower growth in new orders and production are the primary contributors to this month's lower PMI reading,” says Bradley J. Holcomb, chairman of ISM’s Manufacturing Business Survey Committee. “Manufacturers continue to experience significant cost pressures from commodities and other inputs."

Of the 18 manufacturing industries, 14 reported growth in May, including primary metals, fabricated metal products, and appliances and components.  

ISM’s New Orders Index registered 51 percent in May, which is a decrease of 10.7 percentage points when compared to the 61.7 percent reported in April. This is the 23rd consecutive month of growth in the New Orders Index. A New Orders Index above 52.1 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders.

ISM’s Production Index registered 54 percent in May, which is a decrease of 9.8 percentage points when compared to the April reading of 63.8 percent. An index above 51 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures. This is the 24th consecutive month the Production Index has registered above 50 percent.

ISM’s Employment Index registered 58.2 percent in May, which is 4.5 percentage points lower than the 62.7 percent reported in April. This is the 20th consecutive month of growth in manufacturing employment. An Employment Index above 50.1 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics data on manufacturing employment.

  
From the Editor's Desk
Minimize
September 2014: No. 1 Ranking Has a Nice Ring to Reliance
More...
 
Pause
Business Practices and Technologies
Minimize
September 2014: 'What the Heck Do You Mean I Have to Give the Money Back!'
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
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



Saturday, November 01, 2014