US Manufacturing Index Rebounds in September PDF Print E-mail
Written by Mike Buetow   
Tuesday, 02 October 2012 08:02

TEMPE, AZ -- US manufacturing executives reported business rose in September following three consecutive months of slight contraction. The overall economy grew for the 40th consecutive month, the Institute for Supply Management added.

The PMI index of manufacturing growth rose 1.9 percentage points from August to 51.5%, indicating a return to expansion after contracting for three consecutive months. The New Orders Index was 52.3%, up 5.2 percentage points from August, indicating growth in new orders after three consecutive months of contraction. The Production Index, while up 2.3 points to 49.5%, remained below the 50% threshold, indicating a contraction in production for the second time since May 2009. The Employment Index increased by 3.1 percentage points, registering 54.7%. The Prices Index increased 4 percentage points to 58%.

Comments from the panel reflect a mix of optimism over new orders beginning to pick up, and continued concern over soft global business conditions and an unsettled political environment.”

Of the 18 manufacturing industries, 11 reported growth in September. Among those reporting contraction was Computer & Electronic Products.

SEPTEMBER 2012

Index

Series
Index
Sep

Series
Index
Aug

Percentage
Point
Change

Direction

Rate of
Change

Trend(a)
(Months)

PMI 51.5 49.6 +1.9 Growing From Contracting 1
New Orders 52.3 47.1 +5.2 Growing From Contracting 1
Production 49.5 47.2 +2.3 Contracting Slower 2
Employment 54.7 51.6 +3.1 Growing Faster 36
Supplier Deliveries 50.3 49.3 +1.0

Slowing

From Faster

1
Inventories 50.5 53.0 -2.5 Growing Slower 2
Customers’ Inventories 49.5 49.0 +0.5 Too Low Slower 10
Prices 58.0 54.0 +4.0 Increasing Faster 2
Backlog of Orders 44.0 42.5 +1.5 Contracting Slower 6
Exports 48.5 47.0 +1.5 Contracting Slower 4
Imports 49.5 49.0 +0.5 Contracting Slower 2
OVERALL ECONOMY

 

Manufacturing Sector

Growing Faster 40

Growing

From Contracting

1

(a) Number of months moving in current direction

 

 

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