U.S. manufacturing continues upswing

The American manufacturing index registered a 54.8 percent in April, logging the 33rd consecutive month of growth in that sector.

The Institute for Supply Management (ISM, Tempe, Ariz., USA) on May 1 reported that economic activity in the U.S. manufacturing sector expanded in April 2012 for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month. ISM's Purchasing Managers Index (PMI) registered 54.8 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 by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management Manufacturing Business Survey Committee. “The PMI registered 54.8 percent, an increase of 1.4 percentage points from March’s reading of 53.4 percent, indicating expansion in the manufacturing sector for the 33rd consecutive month. Sixteen of the 18 industries reflected overall growth in April, and the New Orders, Production and Employment Indexes all increased, indicating growth at faster rates than in March. The Prices Index for raw materials remained at 61 percent in April, the same rate as reported in March. Comments from the panel generally indicate stable to strong demand, with some concerns cited over increasing oil prices and European stability.”

  • April 2012: 54.8
  • 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