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Pensacola Discussion Forum » Politics » ISM Manufacturing Index holds strong at near recovery-high levels, mostly lead by new orders

ISM Manufacturing Index holds strong at near recovery-high levels, mostly lead by new orders

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boards of FL

boards of FL

http://mam.econoday.com/byshoweventfull.asp?fid=461317&cust=mam&year=2014&lid=0&prev=/byweek.asp#top

Rates of monthly growth in ISM's manufacturing sample remain extremely strong and well beyond other reports, especially government data which have been flat. ISM's composite index held very strong near recovery highs, at 58.7 in November vs 59.0 in October. New orders came in at a blistering 66.0 vs October's 65.8 with backlog orders up 2.0 points to 55.0 which is very strong for this reading. Employment growth remained solid, at 54.9 vs 55.5, while production growth remained very strong at 64.4 vs 64.8. Delivery times slowed in a further indication of strength while inventories held steady. A notable reading in today's report is contraction in input prices, at 44.5 vs October's 53.5. This is the first price contraction since July last year and reflects falling oil prices.

It's difficult to make conclusions based on ISM's sample which, again, has been reporting some of the strongest readings of any manufacturing indicator on the calendar. The Dow is moving slightly off opening lows following today's report.


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2seaoat



I drove by the two new Japanese rail car factories. They are producing more and more commuter trains. The ethanol plant is going full speed, and three more large buildings are being built. From where I am the wind turbines fill the fields, new factories are being built, and America is booming. They closed a local cement factory and those employees are being hired by the new factories. The want ads are actually full of jobs. I have not seen things this good for a very very long time. Record corn crops brought lower prices this year but the millionaire farmers are putting record profits in the bank, and fields which only got 100 bushel and acre in 1970 are getting 200 bushels as Agri business is booming. As long as the Chinese and Indian middle class are adopting western diets, the American breadbasket becomes even more valuable as farm land continues to rise in value......good times......thank you President Obama.

TEOTWAWKI

TEOTWAWKI

http://www.ism.ws/ISMReport/MfgROB.cfm




ISM Manufacturing Index holds strong at near recovery-high levels, mostly lead by new orders 728x90-SciQuest-Spend-Analysis-Sourcing-White-Paper



FOR RELEASE: December 1, 2014

Contact:  Kathleen Lacy
Report On Business® Analyst
ISM®, ROB/Research
Tempe, Arizona
800/888-6276, Ext. 3143
E-mail: klacy@ism.ws


November 2014 Manufacturing ISM® Report On Business®

PMI® at 58.7%



DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2014.

New Orders, Employment and Production Growing
Inventories Growing
Supplier Deliveries Slowing

(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in November for the 18th consecutive month, and the overall economy grew for the 66th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The November PMI® registered 58.7 percent, a decrease of 0.3 percentage point from October’s reading of 59 percent, indicating continued expansion in manufacturing. The New Orders Index registered 66 percent, an increase of 0.2 percentage point from the reading of 65.8 percent in October. The Production Index registered 64.4 percent, 0.4 percentage point below the October reading of 64.8 percent. The Employment Index grew for the 17th consecutive month, registering 54.9 percent, a decrease of 0.6 percentage point below the October reading of 55.5 percent. Inventories of raw materials registered 51.5 percent, a decrease of 1 percentage point from the October reading of 52.5 percent. The Prices Index registered 44.5 percent, down 9 percentage points from the October reading of 53.5 percent, indicating lower raw materials prices in November relative to October. Comments from the panel are upbeat about strong demand and new orders, with some expressing concerns about West Coast port slowdowns and the threat of a potential dock strike."
Of the 18 manufacturing industries, 14 are reporting growth in November in the following order: Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Furniture & Related Products; Fabricated Metal Products; Textile Mills; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Paper Products; Plastics & Rubber Products; Machinery; Transportation Equipment; Nonmetallic Mineral Products; Petroleum & Coal Products; and Primary Metals. The only industry reporting contraction in November is Apparel, Leather & Allied Products.

WHAT RESPONDENTS ARE SAYING ...

  • "The Holiday Season continues to exceed expectations. Customers are generally optimistic for future sales growth." (Food, Beverage & Tobacco Products)
  • "Continued strong demand. Deliveries through the West Coast are delayed due to a number of factors." (Fabricated Metal Products)
  • "We have seen continued growth in transportation equipment. Slowdowns and threats of strike of West Coast longshoreman weigh heavily on U.S. operations." (Transportation Equipment)
  • "Business continues to be stronger than last year." (Furniture & Related Products)
  • "Improvement in defense spending and manufacturing." (Computer & Electronic Products)
  • "West Coast port longshoreman slowdown is affecting business with longer lead times." (Chemical Products)
  • "We continue to hire people. People are also leaving to take other jobs indicating the job market is starting to improve for manufacturing." (Electrical Equipment, Appliances & Components)
  • "Market has remained strong going into year-end." (Wood Products)
  • "Order intake has been substantial, resulting in a very healthy backlog. The packaging automation requirements in the food and beverage market are robust." (Machinery)
  • "Demand remains strong for new orders." (Miscellaneous Manufacturing)

[th]MANUFACTURING AT A GLANCE NOVEMBER 2014[/th][th]Index[/th][th]SeriesIndexNov[/th][th]SeriesIndexOct[/th][th]PercentagePointChange[/th][th]Direction[/th][th]RateofChange[/th][th]Trend*(Months)[/th]
PMI®58.759.0-0.3GrowingSlower18
New Orders66.065.8+0.2GrowingFaster18
Production64.464.8-0.4GrowingSlower9
Employment54.955.5-0.6GrowingSlower17
Supplier Deliveries56.856.2+0.6SlowingFaster18
Inventories51.552.5-1.0GrowingSlower4
Customers' Inventories50.048.0+2.0About RightFrom Too Low1
Prices44.553.5-9.0DecreasingFrom Increasing1
Backlog of Orders55.053.0+2.0GrowingFaster2
Exports55.051.5+3.5GrowingFaster24
Imports56.054.5+1.5GrowingFaster22
OVERALL ECONOMYGrowingSlower66
Manufacturing SectorGrowingSlower18
Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries indexes.

2seaoat



You should read what you post.

The November PMI® registered 58.7 percent, a decrease of 0.3 percentage point from October’s reading of 59 percent, indicating continued expansion in manufacturing. The New Orders Index registered 66 percent, an increase of 0.2 percentage point from the reading of 65.8 percent in October. The Production Index registered 64.4 percent, 0.4 percentage point below the October reading of 64.8 percent. The Employment Index grew for the 17th consecutive month,

Thank you President Obama

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