Friday, April 27, 2012
USA Manufacturing Increases, Services Drop to 3-Month Low
ISM: Monthly USA PMI & NMI
USA Economy USA manufacturing growth increased for the 32nd consecutive month. USA non-manufacturing (services) growth dipped to a 3-month low but reported the 27th consecutive month of expansion. Both the USA manufacturing and services sectors have significantly strengthened and continue growing. The overall USA economy continued to expand for the 34th consecutive month (PMI greater than 42.6).
ISM Monthly Manufacturing Index (PMI) The March 2012 PMI increased +1.0 to 53.4, the 4th increase in the past 5 months. The PMI reached a first post-recession peak in March 2010 at 59.3 and a higher peak in January 2011 at 59.9. The Great Recession low was 33.1 in December 2008. The post-recession low has been 49.2 in July 2009. A reading greater than 50 indicates expansion.
ISM Monthly Non-Manufacturing Index (NMI) The March 2012 NMI decreased -1.3 to 56.0, the first decrease in the past 6 months. The NMI reached a post-recession peak of 59.0 in February 2011. The Great Recession low was 37.6 in November 2008. The post-recession low has been 46.9 in July 2009. A reading greater than 50 indicates expansion.