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Industry News
American manufacturing activity jumps up in July

ISM’s closely watched Production Manufacturing Index registers an impressive 55.4 percent in July.

Author:
Posted on: 8/6/2013
Source: CompositesWorld

The Institute for Supply Management (ISM, Tempe, Ariz., USA) reports that economic activity in the U.S. manufacturing sector expanded in July for the second consecutive month, and the overall economy grew for the 50th consecutive month. The index registered 55.4 percent. An index of more than 50 percent indicates expansion; an index of less than 50 percent indicates contraction.

The report was issued by Bradley J. Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 55.4 percent, an increase of 4.5 percentage points from June’s reading of 50.9 percent. July’s PMI reading, the highest of the year, indicates expansion in the manufacturing sector for the second consecutive month. The New Orders Index increased in July by 6.4 percentage points to 58.3 percent, and the Production Index increased by 11.6 percentage points to 65 percent. The Employment Index registered 54.4 percent, an increase of 5.7 percentage points compared to June’s reading of 48.7 percent. The Prices Index registered 49 percent, decreasing 3.5 percentage points from June, indicating that overall raw materials prices decreased from last month. Comments from the panel generally indicate stable demand and slowly improving business conditions.”

PMI, last 12 months:

  • July 2013: 55.4
  • June 2013: 50.9
  • May 2013: 49.0
  • April 2013: 50.7
  • March 2013: 51.3
  • February 2013: 54.2
  • January 2013: 53.1
  • December 2012: 50.7
  • November 2012: 49.5
  • October 2012: 51.7
  • September 2012: 51.5
  • August 2012: 49.6

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