U.S. manufacturing activity ticks up in February

The U.S. manufacturing sector has expanded for the third consecutive month, while the overall economy has expanded for 45 consecutive months.

The Institute for Supply Management (ISM, Tempe, Arizona) reported on March 1 that economic activity in the U.S. manufacturing sector expanded in February for the third consecutive month, while the overall economy grew for the 45th consecutive month. ISM's index registerd 54.2 percent for February. 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 54.2 percent, an increase of 1.1 percentage points from January’s reading of 53.1 percent, indicating expansion in manufacturing for the third consecutive month. This month’s reading reflects the highest PMI™ since June 2011, when the index registered 55.8 percent. The New Orders Index registered 57.8 percent, an increase of 4.5 percent over January’s reading of 53.3 percent, indicating growth in new orders for the second consecutive month. As was the case in January, all five of the PMI™’s component indexes — new orders, production, employment, supplier deliveries and inventories — registered in positive territory in February. In addition, the Backlog of Orders, Exports and Imports Indexes all grew in February relative to January.” 

Last 12 months:

  • 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
  • July 2012: 49.8
  • June 2012: 49.7
  • May 2012: 53.5
  • April 2012: 54.8
  • March 2012: 53.4