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Industry News
American manufacturing expansion continues in November

The Institute for Supply Management's November report indicates that the American manufacturing sector expansion is accelerating.

Posted on: 12/2/2013
Source: CompositesWorld

The Institute for Supply Management (ISM, Tempe, Ariz., USA) reports that economic activity in the U.S. manufacturing sector expanded in November for the sixth consecutive month, and the overall economy grew for the 54th consecutive month. The index registered 57.3 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, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 57.3 percent, an increase of 0.9 percentage point from October’s reading of 56.4 percent. The PMI has increased progressively each month since June, with November’s reading reflecting the highest PMI in 2013. The New Orders Index increased in November by 3 percentage points to 63.6 percent, and the Production Index increased by 2 percentage points to 62.8 percent. The Employment Index registered 56.5 percent, an increase of 3.3 percentage points compared to October’s reading of 53.2 percent. This reflects the highest reading since April 2012 when the Employment Index registered 56.8 percent. With 15 of 18 manufacturing industries reporting growth in November relative to October, the positive growth trend characterizing the second half of 2013 is continuing.”

PMI, 12 months, rolling:

  • November 2013: 57.3
  • October 2013: 56.4
  • September 2013: 56.2
  • August 2013: 55.7
  • 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
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