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Economic Data (USA)

Friday, December 01, 2017

ISM Manufacturing Index for November 2017

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for November 2017:

Predicted: 58.4%
Actual: 58.2%

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

The previous month's PMI reading was 58.7%.


From Today's Report:

"...Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."

The following is a sampling of quotes from a diverse pool of U.S. manufacturers:

  •     "Continuing to see more orders for the next six to 12 months."
     (Chemical Products)

  •     "Strong sales through third and now fourth quarters. Backlog increasing, and capacity at suppliers tightening."

  •     "Business has leveled out but remains strong heading into the end of the year."
     (Computer and Electronic Products)

  •     "We are just coming off a record sales year. We expect to continue in 2018 robust activity."
     (Miscellaneous Manufacturing)

  •     "We are seeing steady, consistent demand for end of year. We usually see a slowdown, which we haven’t seen yet."
     (Fabricated Metal Products)

  •     "Overall industry demand remains strong. Continue to have a healthy backlog of orders. Local economy is also strong, with a fairly tight labor market."
     (Transportation Equipment)

  •     "Business is strong. Employment is tight. Supplier deliveries have lengthened. A few suppliers are still blaming Hurricane Harvey for the lead times."
     (Food, Beverage and Tobacco Products)

  •     "Strong season demand for products and continued requirements for uptime."
     (Nonmetallic Mineral Products)

  •     "Currently, we have not experienced the typical seasonal slowdown toward the end of Q4. Could be that there is a lot of optimism in the American economy."
     (Plastics and Rubber Products)

Click here to view the complete ISM report

ISM Manufacturing Index History
ISM Manufacturing Index History

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