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July Manufacturing ISM® Report On Business®; PMI® at 52.7%; New Orders, Production, and Employment Growing; Inventories Contracting; Supplier Deliveries Faster | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
By: PR Newswire Association LLC. - 03 Aug 2015 | Back to overview list |
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DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire United States, while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of July 2015. TEMPE, Ariz., Aug. 3, 2015 /PRNewswire/ -- Economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The July PMI® registered 52.7 percent, a decrease of 0.8 percentage point below the June reading of 53.5 percent. The New Orders Index registered 56.5 percent, an increase of 0.5 percentage point from the reading of 56 percent in June. The Production Index registered 56 percent, 2 percentage points above the June reading of 54 percent. The Employment Index registered 52.7 percent, 2.8 percentage points below the June reading of 55.5 percent, reflecting growing employment levels from June but at a slower rate. Inventories of raw materials registered 49.5 percent, a decrease of 3.5 percentage points from the June reading of 53 percent. The Prices Index registered 44 percent, down 5.5 percentage points from the June reading of 49.5 percent, indicating lower raw materials prices for the ninth consecutive month. Comments from the panel reflect a combination of optimism mixed with uncertainties about international markets and the impacts of the continuing decline in oil prices." Of the 18 manufacturing industries, 11 are reporting growth in July in the following order: Textile Mills; Paper Products; Apparel, Leather & Allied Products; Printing & Related Support Activities; Furniture & Related Products; Fabricated Metal Products; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Transportation Equipment; and Miscellaneous Manufacturing. The five industries reporting contraction in July are: Wood Products; Primary Metals; Plastics & Rubber Products; Chemical Products; and Machinery. WHAT RESPONDENTS ARE SAYING …
Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Supplier Deliveries indexes. COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY Commodities Up in Price Commodities Down in Price Commodities in Short Supply Note: The number of consecutive months the commodity is listed is indicated after each item. JULY 2015 MANUFACTURING INDEX SUMMARIES PMI® A PMI® in excess of 43.1 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the July PMI® indicates growth for the 74th consecutive month in the overall economy, and indicates expansion in the manufacturing sector for the 31st consecutive month. Holcomb stated, "The past relationship between the PMI® and the overall economy indicates that the average PMI® for January through July (52.6 percent) corresponds to a 3 percent increase in real gross domestic product (GDP) on an annualized basis. In addition, if the PMI® for July (52.7 percent) is annualized, it corresponds to a 3 percent increase in real GDP annually." THE LAST 12 MONTHS
New Orders The 10 industries reporting growth in new orders in July — listed in order — are: Textile Mills; Paper Products; Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Furniture & Related Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Fabricated Metal Products; Food, Beverage & Tobacco Products; and Chemical Products. The six industries reporting a decrease in new orders during July — listed in order —are: Wood Products; Primary Metals; Machinery; Plastics & Rubber Products; Computer & Electronic Products; and Transportation Equipment.
Production The eight industries reporting growth in production during the month of July — listed in order — are: Paper Products; Printing & Related Support Activities; Nonmetallic Mineral Products; Fabricated Metal Products; Furniture & Related Products; Food, Beverage & Tobacco Products; Chemical Products; and Machinery. The five industries reporting a decrease in production during July are: Wood Products; Plastics & Rubber Products; Primary Metals; Transportation Equipment; and Computer & Electronic Products.
Employment Of the 18 manufacturing industries, in July, 10 industries reported employment growth in the following order: Textile Mills; Printing & Related Support Activities; Paper Products; Electrical Equipment, Appliances & Components; Machinery; Furniture & Related Products; Food, Beverage & Tobacco Products; Transportation Equipment; Fabricated Metal Products; and Computer & Electronic Products. The five industries reporting a decrease in employment in July are: Petroleum & Coal Products; Primary Metals; Plastics & Rubber Products; Miscellaneous Manufacturing; and Chemical Products.
Supplier Deliveries The six industries reporting slower supplier deliveries in July — listed in order —are: Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; Computer & Electronic Products; and Transportation Equipment. The four industries reporting faster supplier deliveries during July are: Nonmetallic Mineral Products; Paper Products; Chemical Products; and Machinery. Eight industries reported no change in supplier deliveries in July compared to June.
Inventories* The six industries reporting higher inventories in July — listed in order — are: Apparel, Leather & Allied Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Furniture & Related Products; Transportation Equipment; and Computer & Electronic Products. The six industries reporting lower inventories in July — listed in order — are: Paper Products; Machinery; Miscellaneous Manufacturing; Chemical Products; Food, Beverage & Tobacco Products; and Primary Metals. Six industries reported no change in inventories in July compared to June.
Customers' Inventories* The three manufacturing industries reporting customers' inventories as being too high during the month of July are: Apparel, Leather & Allied Products; Plastics & Rubber Products; and Fabricated Metal Products. The eight industries reporting customers' inventories as too low during July — listed in order —are: Paper Products; Machinery; Petroleum & Coal Products; Nonmetallic Mineral Products; Transportation Equipment; Chemical Products; Computer & Electronic Products; and Food, Beverage & Tobacco Products. Six industries reported no change in customers' inventories in July compared to June.
Prices* Of the 18 manufacturing industries, the five industries reporting paying increased prices for their raw materials in July are: Apparel, Leather & Allied Products; Petroleum & Coal Products; Food, Beverage & Tobacco Products; Plastics & Rubber Products; and Paper Products. The nine industries reporting paying lower prices during the month of July — listed in order — are: Electrical Equipment, Appliances & Components; Primary Metals; Textile Mills; Fabricated Metal Products; Machinery; Nonmetallic Mineral Products; Transportation Equipment; Chemical Products; and Computer & Electronic Products.
Backlog of Orders* The five industries reporting increased order backlogs in July are: Textile Mills; Printing & Related Support Activities; Paper Products; Electrical Equipment, Appliances & Components; and Furniture & Related Products. The 10 industries reporting a decrease in order backlogs during July — listed in order — are: Wood Products; Plastics & Rubber Products; Primary Metals; Nonmetallic Mineral Products; Miscellaneous Manufacturing; Computer & Electronic Products; Chemical Products; Machinery; Food, Beverage & Tobacco Products; and Transportation Equipment.
New Export Orders* The five industries reporting growth in new export orders in July are: Furniture & Related Products; Fabricated Metal Products; Miscellaneous Manufacturing; Food, Beverage & Tobacco Products; and Paper Products. The eight industries reporting a decrease in new export orders during July — listed in order — are: Wood Products; Primary Metals; Plastics & Rubber Products; Transportation Equipment; Machinery; Chemical Products; Computer & Electronic Products; and Nonmetallic Mineral Products.
Imports* The eight industries reporting growth in imports during the month of July — listed in order — are: Primary Metals; Textile Mills; Furniture & Related Products; Transportation Equipment; Food, Beverage & Tobacco Products; Fabricated Metal Products; Computer & Electronic Products; and Miscellaneous Manufacturing. The four industries reporting a decrease in imports during July are: Nonmetallic Mineral Products; Plastics & Rubber Products; Chemical Products; and Machinery.
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