U.S. Manufacturing At A Glance: Growing

The ISM Report on Business for U.S. Manufacturing released this week recorded the 33rd consecutive month of growth — although at a slightly slower rate than last month. The reported PMI was 52.4 percent.
The breakdown in the major areas of the survey went something like this:
New Orders – growing; Production – growing; Employment – growing; Backlog of orders – growing; Exports – growing; Imports – growing; Prices – increasing.
From a procurement perspective all this suggests continuing pressure on prices above any shocks such as the spike in oil that came from the uncertainty of supplies from Iran. The fact that the employment index has been above 50% for 29 months also suggests that the overall economy has good momentum.
Here’s the link to the full report:

www.ism.ws/ISMReport/MfgROB.cfm

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