Wednesday, March 6, 2013

USA Manufacturing Expands, Jobs Rise

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USA Monthly Manufacturing PMI

ISM Manufacturing Index (PMI) by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



Bradley J. Holcomb, Chair of the Institute for Supply Management Manufacturing Business Survey Committee, stated, "The PMI™ registered 54.2 percent, an increase of 1.1 percentage points from January's reading of 53.1 percent, indicating expansion in manufacturing for the third consecutive month. This month's reading reflects the highest PMI™ since June 2011, when the index registered 55.8 percent. The New Orders Index registered 57.8 percent, an increase of 4.5 percent over January's reading of 53.3 percent, indicating growth in new orders for the second consecutive month. As was the case in January, all five of the PMI™'s component indexes — new orders, production, employment, supplier deliveries and inventories — registered in positive territory in February. In addition, the Backlog of Orders, Exports and Imports Indexes all grew in February relative to January."

ISM Manufacturing Index (PMI) by Year
PMI > 50.0 is expansion, PMI < 50.0 is contraction



American Manufacturing Jobs Increase "ISM's Employment Index registered 52.6 percent in February, which is 1.4 percentage points lower than the 54 percent reported in January. This month's reading indicates growth in employment for the 41st consecutive month. An Employment Index above 50.5 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment."

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