American manufacturing remains in positive territory

The Institute for Supply Management reports that economic activity in the U.S. manufacturing sector expanded in March for the 32nd consecutive month.

The Institute for Supply Management (ISM, Tempe, Ariz., USA) on April 2 reported that economic activity in the U.S. manufacturing sector expanded in March 2012 for the 32nd consecutive month, and the overall economy grew for the 34th consecutive month. ISM's Purchasing Managers Index (PMI) registered 53.4 percent. A reading of more than 50 percent indicates that the manufacturing economy is generally expanding; less than 50 percent indicates that it is generally contracting.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 53.4 percent, an increase of 1 percentage point from February’s reading of 52.4 percent, indicating expansion in the manufacturing sector for the 32nd consecutive month. The Production Index increased 3 percentage points from February’s reading of 55.3 percent to 58.3 percent, and the Employment Index increased 2.9 percentage points to 56.1 percent. Of the 18 industries included in the survey, 15 are experiencing overall growth. Comments from the panel remain positive, with several respondents citing increased sales and demand for the next few months.” 

  • March 2012: 53.4
  • February 2012: 52.4
  • January 2012: 54.1
  • December 2011: 53.9
  • November 2011: 52.7
  • October 2011: 50.8
  • September 2011: 51.6
  • August 2011: 50.6
  • July 2011: 50.9
  • June 2011: 55.3
  • May 2011: 53.5
  • April 2011: 60.4