Manufacturing- Best Described as Flat

The April ISM Purchasing Managers Index  (PMI) was just released today. Best description is “flat.”

This Nikon optical flat  is pretty flat too...

This Nikon optical flat is pretty flat too…

 “The PMI™ registered 50.7 percent, a decrease of 0.6 percentage point from March’s reading of 51.3 percent, indicating expansion in manufacturing for the fifth consecutive month, but at the lowest rate of the year. The New Orders Index increased in April by 0.9 percentage point to 52.3 percent, and the Production Index increased by 1.3 percentage points to 53.5 percent. The Employment Index registered 50.2 percent, a decrease of 4 percentage points compared to March’s reading of 54.2 percent. The Prices Index registered 50 percent, decreasing 4.5 percentage points from March, indicating that overall raw materials prices remained unchanged from last month. Comments from the panel indicate a range of strong/steady growth, to flat/declining volumes, depending upon the particular industry.”

Flat at best.

Flat at best.

14  manufacturing industries  reported growth in April in the following order: Furniture & Related Products; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Apparel, Leather & Allied Products; Fabricated Metal Products; Paper Products; Machinery; Nonmetallic Mineral Products; Primary Metals; Miscellaneous Manufacturing; Petroleum & Coal Products; Plastics & Rubber Products; Transportation Equipment; and Computer & Electronic Products.

Precision Machining is a component of Fabricated Metals Industry which was in the middle of the  ISM list of growing industries for April.

Nikon Optical Flat

Graph courtesy Calculated Risk Blog

http://www.ism.ws/ismreport/mfgrob.cfm

Advertisements

2 Responses to Manufacturing- Best Described as Flat

  1. This is amazing that 14 manufacturing industries reported growth in April…this is very informative post! This blog details are very much interested to the customers. Tremendous work with this blog.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s