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December ISM PMI Positive Bellwether for 2017
The December ISM PMI and the U. S. Light Vehicle Sales Numbers for 2016 bode well for our precision machining shops in 2017.
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ISM PMI Manufacturing Index February 2016- Manufacturing Contraction Continues
Economic activity in the manufacturing sector contracted in February for the fifth consecutive month, while the overall economy grew for the 81st consecutive month, according to the latest Manufacturing ISM® Report On Business®. We admit that manufacturing is one definitive pocket of recession- 5 consecutive months of contracting economic activity is by definition “recessionary.” Strong consumer…
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Blog | Career | Front Office
October 2014 ISM PMI-Manufacturing Remains Robust
“The October PMI® registered 59 percent, an increase of 2.4 percentage points from September’s reading of 56.6 percent, indicating continued expansion in manufacturing. The New Orders Index registered 65.8 percent, an increase of 5.8 percentage points from the 60 percent reading in September, indicating growth in new orders for the 17th consecutive month. The Production…
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May ISM Index at 49- Manufacturing Contracts
The ISM index has fallen to its lowest level since June 2009. According to Dr. Ken Mayland, the decline of the PMI below 50 is a surprise to almost everyone. This month’s reading indicates growth in employment for the 44th consecutive month,