U.S. ISM MANUFACTURING INDEX AT 56.2

The PMI™ registered 56.2 percent, an increase of 0.5 percentage point from August’s reading of 55.7 percent. September’s PMI™ reading is the highest of the year, leading to an average PMI™ reading of 55.8 percent for the third quarter. The New Orders Index decreased in September by 2.7 percentage points to 60.5 percent, and the Production Index increased by 0.2 percentage point to 62.6 percent. The Employment Index registered 55.4 percent, an increase of 2.1 percentage points compared to August’s reading of 53.3 percent, which is the highest reading for the year. Comments from the panel are generally positive and optimistic about increasing demand and improving business conditions.

Click to View(Chart from Doug Short)

Of the 18 manufacturing industries, 11 are reporting growth in September in the following order: Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Furniture & Related Products; Petroleum & Coal Products; Fabricated Metal Products; Paper Products; Printing & Related Support Activities; Transportation Equipment; Computer & Electronic Products; Machinery; and Plastics & Rubber Products. The six industries reporting contraction in September — listed in order — are: Apparel, Leather & Allied Products; Primary Metals; Textile Mills; Nonmetallic Mineral Products; Miscellaneous Manufacturing; and Chemical Products.

The 12 industries reporting growth in new orders in September — listed in order — are: Textile Mills; Plastics & Rubber Products; Petroleum & Coal Products; Fabricated Metal Products; Printing & Related Support Activities; Furniture & Related Products; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Paper Products; Transportation Equipment; and Computer & Electronic Products. The three industries reporting a decrease in new orders during September are: Nonmetallic Mineral Products; Primary Metals; and Machinery

ISM’s New Export Orders Index registered 52 percent in September, which is 3.5 percentage points lower than the 55.5 percent reported in August. September’s reading reflects growth in the level of exports relative to August, but at a moderately slower level. This month’s reading also represents the 10th consecutive month of growth in new export orders.

The six industries reporting growth in new export orders in September — listed in order — are: Textile Mills; Wood Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Machinery; and Transportation Equipment. The four industries reporting a decrease in new export orders during September are: Apparel, Leather & Allied Products; Furniture & Related Products; Paper Products; and Food, Beverage & Tobacco Products. Eight industries reported no change in new export orders in September compared to August.

ISM’s Backlog of Orders Index registered 49.5 percent in September, which is 3 percentage points higher than the 46.5 percent reported in August. This is the fifth consecutive month of contracting order backlogs. Of the 86 percent of respondents who reported their backlog of orders, 19 percent reported greater backlogs, 20 percent reported smaller backlogs, and 61 percent reported no change from August.

The eight industries reporting increased order backlogs in September — listed in order — are: Textile Mills; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Paper Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Furniture & Related Products. The five industries reporting decreases in order backlogs during September are: Apparel, Leather & Allied Products; Machinery; Transportation Equipment; Miscellaneous Manufacturing; and Chemical Products.

image

 

Leave a Reply

Your email address will not be published. Required fields are marked *