ISM reports growth in manufacturing
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 01 Mar 2004 17:22
Economic activity grew in the manufacturing sector in February, according to the Institute for Supply Management's Report On Business released today. All 20 manufacturing industries the report covers showed growth.
It was the ninth consecutive month of growth, while the overall economy grew for the 28th consecutive month, said the report.
“This month, many respondents are particularly encouraged by the increased breadth of the recovery in manufacturing,” said Norbert J. Ore, C.P.M., chair of ISM's Business Survey Committee, in his monthly statement. “New Orders and Production both decelerated this month, but they are still at very positive levels.”
ISM's PMI registered 61.4 percent in February, a decrease of 2.2 percentage points when compared to 63.6 percent in January. ISM's New Orders Index declined 4.7 percentage points from 71.1 percent in January to 66.4 percent in February. ISM's Production Index declined 7.2 percentage points from 71.1 percent in January to 63.9 percent in February. The ISM Employment Index is at 56.3 percent for February, an increase of 3.4 percentage points when compared to the 52.9 percent reported in January.
ISM's Supplier Deliveries Index registered 62.1 percent, 1.7 percentage points higher than January's 60.4 percent. ISM's Inventories Index registered 49.4 percent in February, up from the 48.9 percent reported in January. ISM's Customers' Inventories Index for February is at 38.5 percent, a decrease of 1.5 percentage points compared to the January reading of 40 percent. ISM's Prices Index in February is 81.5 percent, six percentage points higher than the 75.5 percent reported in January.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...