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Industry News
American manufacturing sector slides backwards in November

After two months of modest expansion, the U.S. manufacturing sector contracted slightly in November.

Author:
Posted on: 12/3/2012
Source: CompositesWorld

The Institute for Supply Management (ISM, Tempe, Arizona) reported on Dec. 3 that economic activity in the U.S. manufacturing sector contracted in November following two months of modest expansion, while the overall economy grew for the 42nd consecutive month. ISM's index registerd 49.5 percent for November. 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 by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 49.5 percent, a decrease of 2.2 percentage points from October’s reading of 51.7 percent, indicating contraction in manufacturing for the fourth time in the last six months. This month’s PMI reading reflects the lowest level since July 2009 when the PMI registered 49.2 percent. The New Orders Index registered 50.3 percent, a decrease of 3.9 percentage points from October, indicating growth in new orders for the third consecutive month. The Production Index registered 53.7 percent, an increase of 1.3 percentage points, indicating growth in production for the second consecutive month. The Employment Index registered 48.4 percent, a decrease of 3.7 percentage points, which is the index’s lowest reading since September 2009 when the Employment Index registered 47.8 percent. The Prices Index registered 52.5 percent, reflecting a decrease of 2.5 percentage points. Comments from the panel this month generally indicate that the second half of the year continues to show a slowdown in demand; respondents also express concern over how and when the fiscal cliff issue will be resolved.” 

Last 12 months:

  • November 2012: 49.5
  • October 2012: 51.7
  • September 2012: 51.5
  • August 2012: 49.6
  • July 2012: 49.8
  • June 2012: 49.7
  • May 2012: 53.5
  • April 2012: 54.8
  • March 2012: 53.4
  • February 2012: 52.4
  • January 2012: 54.1
  • December 2011: 53.9

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